Amazon infuses Rs 1,660 crore into India arm

US e-commerce giant Amazon has infused Rs 1,660 crore into its Indian arm Amazon Seller Services, according to regulatory documents filed with the RoC sourced through Private Circle. This is the second time in five months that Amazon has pumped money into its Indian arm, as competition in the e-commerce space intensifies in the country.

The US parent had earlier invested Rs 830 crore in its Indian entity in February. Last year, Amazon’s CEO Andy Jassy had announced that the company will invest $15 billion in India by 2030, taking its total investment in the country to $26 billion.