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Amazon Pay gets a further Rs 225 crore from its parent

Amazon Pay gets a further Rs 225 crore from its parent
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Last Updated: May 13, 2021, 07:33 PM IST
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Synopsis
This takes the total fund infusion in Amazon Pay to Rs 450 crore so far this year as the Jeff Bezos-led e-commerce company continues to push its digital payments platform in India.
AFP
Amazon Pay houses a digital wallet and is also expanding its UPI-based digital payments tool among users in India.
Bengaluru:Amazon Pay has received a capital infusion of Rs 225 crore from its US parent through a Singapore unit, latest regulatory filings sourced from business intelligence platform Tofler showed.
The digital payments arm of Amazon India had in March ....

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Amazon infuses Rs 915 cr in Indian marketplace entity

Amazon infuses Rs 915 cr in Indian marketplace entity
FE Bureau
© Provided by The Financial Express
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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Amazon ploughs Rs 225 crore into its digital payments arm in India

Amazon ploughs Rs 225 crore into its digital payments arm in India
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