Amazon Pay gets fresh funding of ₹225 crore
Forum Gandhi
Mumbai May 13 |
Updated on
May 13, 2021
The funds are likely to be used for infrastructure development
Amazon Pay India Private Limited, the online payment business of e-commerce giant Amazon, has received fresh funding of ₹225 crore.
According to financial data accessed by the business intelligence platform, Tofler, the fresh investment has been made by Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius against 22.5 crore equity shares. The significant share has gone to Amazon Singapore which has invested ₹ 224.9 crore.
Last week, Amazon India had raised ₹915 crore from its holding company, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company.
Amazon Seller Services gets fresh capital infusion of Rs 915 crore
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Last Updated: May 07, 2021, 10:49 PM IST
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Amazon Seller Services, the marketplace unit of the US-based e-tailing giant Amazon, has received a fresh capital infusion of Rs 915 crore (approx. $125 million), documents filed with the Registrar of Companies showed.
The investment was led by Singapore-based Amazon Corporate Holdings, with a token investment being made by the parent entity Amazon.com Inc, both of which were allotted a combined 915 million equity shares at a value of Rs 10 each.
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This is Shephali, ETtech’s culture reporter.
Amid the devastating second wave of Covid-19, a lot of people in urban India are being considerate of the grief that has struck people around them, even as they are tempted to take to
social media to share with their network just how hashtag blessed they are!
Result: Many are avoiding sharing any celebratory posts on social networks so as not to seem tone-deaf and insensitive. This includes not broadcasting their promotion or new job updates, fitness goal achievements, chilling in Goa scenes, you get the drift.
Amazon India raises ₹915 crore from parent entities
May 08, 2021
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It plans to set up 10 new fulfillment centers, 5 new sortation centers, nearly 200 delivery stations Amazon India has raised ₹915 crore from its holding company, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company.
According to documents filed with the Registrar of Companies, on April 23, Amazon Seller Services Pvt. Ltd. (ASSPL) raised ₹915 crore against 91,49,57,723 shares and 42,277 shares allotted to, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company respectively. The documents were sourced from Tofler.
Since 2013, Amazon Inc. has committed to invest around $6.5 billion in its Indian operations. In the recent past, Amazon has announced the expansion of its operations network in India. It plans to set up 10 new fulfillment centers, 5 new sortation centers, nearly 200 delivery stations, and over 1,00,000 seasonal jobs to help meet customer demand.
Amazon Seller Services gets fresh fund infusion of Rs 915 crore
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Last Updated: May 07, 2021, 08:24 PM IST
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Synopsis
Amazon Corporate Holdings and Amazon.com.inc have made a Rs 915 crore investment in the unit, as per documents filed with the corporate affairs ministry and accessed by business intelligence platform Tofler.
AFP
US-based e-commerce giant Amazon has infused Rs 915 crore fresh capital into one of its India units - Amazon Seller Services, according to regulatory documents. The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani s JioMart.