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Amazon Seller Services gets fresh capital infusion of Rs 915 crore

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. ....

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Amazon infuses Rs 915 cr in Indian marketplace entity

Amazon infuses Rs 915 cr in Indian marketplace entity
FE Bureau
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E-commerce companies like Flipkart and Amazon are also extending financial and other benefits to help small and medium sellers that are starting at losses owing to restricted business.
Amazon has infused a fresh Rs 915 crore into Indian marketplace entity Amazon Seller Services, filings sourced from business intelligence platform Tofler showed.
The infusion in the segment, the first one this calendar year, comes at a time when a deadly spike in Covid infections has nudged more Indians to stay indoors and shop online. As several states imposed partial lockdowns and restrictions to check the spread, e-commerce platforms are seeing a surge in orders. Although some markets, including Maharashtra, Delhi, Madhya Pradesh, have allowed only delivery of essentials, products across categories are being shipped in other pockets of the country. ....

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