Amazon invests ₹4,473 cr in its Indian subsidiaries
5 years, 2 months ago

Amazon invests ₹4,473 cr in its Indian subsidiaries

Live Mint  

Global e-commerce giant Amazon Inc. has infused $631 million into its Indian subsidiaries, including Amazon Seller Services, Amazon Pay and Amazon Retail, show filings with the Registrar of Companies. The e-commerce giant has invested ₹3,400 crore in Amazon Seller Services, its online marketplace arm, ₹900 crore in its payments platform Amazon Pay, and ₹172.50 crore in Amazon Retail India. Amazon Seller Services saw a 9.5% year-on-year fall in loss to ₹5,685 crore in 2018-19, PTI reported on Tuesday, citing documents sourced from business intelligence platform Tofler. Amazon Pay India, which competes with the likes of Paytm, Flipkart’s PhonePe and Google Pay, recorded widening losses of ₹1,160.8 crore in FY19 from ₹334.20 crore in FY18, as per Tofler.

Business India Retail Crore Flipkart Gmv Sales Amazon  crore  indian  invests  subsidiaries  share  sales  amazon  services  flipkart  4473  retail  ecommerce  business  cr  india

History of this topic

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery
4 weeks, 2 days ago

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery

The Hindu  

Amazon will begin trials for quick commerce operations in India that would see the U.S. e-commerce giant deliver grocery items in 15 minutes or less, it said on Tuesday. Quick commerce is catching up in India, with companies like Zomato's Blinkit and SoftBank-backed Swiggy's Instamart promising deliveries of goods from groceries to electronics as quickly as 10 minutes, challenging e-commerce …

Amazon's quick commerce service code named Tez to challenge Blinkit, Zepto
1 month, 2 weeks ago

Amazon's quick commerce service code named Tez to challenge Blinkit, Zepto

India Today  

Amazon India is planning to launch its quick commerce service, reportedly code-named Tez, as early as late December or early next year, reported news agency Reuters. According to sources cited in the report, this move will mark Amazon's entry into the fast-growing quick commerce space in India, where competitors like Blinkit, Zepto, and Swiggy Instamart currently dominate. Flipkart, Amazon’s main …

Flipkart, Amazon under scrutiny for foreign investment violations: Report
Trending News
1 month, 4 weeks ago

Flipkart, Amazon under scrutiny for foreign investment violations: Report

India Today  

The government is planning to summon executives from Flipkart and Amazon as part of a deeper investigation into possible violations of foreign investment rules, reported news agency Reuters. The action highlights the rising regulatory scrutiny faced by Walmart-owned Flipkart and Amazon, both of which are experiencing rapid growth in India’s Rs 70 billion e-commerce market. Following last week’s raids on …

Amazon eyes $5 billion in sales from Indian exporters this year in bid to move away from China sourcing
4 months ago

Amazon eyes $5 billion in sales from Indian exporters this year in bid to move away from China sourcing

Live Mint  

Amazon Inc intends to help Indian exporters sell $5 billion worth of small-ticket items through its platform this year in the United States and Britain, compared to almost $3 billion in 2023, Reuters reported on Thursday, quoting a company official. Under Amazon's Global Selling programme, launched in 2015, nearly 1.5 lakh small Indian exporters are expected to sell their products …

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value
6 months, 2 weeks ago

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value

NPR  

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value toggle caption Jenny Kane/AP NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold. Amazon now joins Google's parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia …

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time
6 months, 2 weeks ago

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time

Associated Press  

NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold. Amazon now joins Google’s parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia among companies with valuations of at least $2 trillion. Most of the focus has been on business-focused products, …

Amazon working on a generative AI to help small businesses in India
1 year, 4 months ago

Amazon working on a generative AI to help small businesses in India

The Hindu  

Amazon India is developing a generative artificial intelligence tool called SahAI for its business partners to help them with the backend of any particular product. Still in trial stage, this new generative AI is aimed at breaking barriers and helping many new businesses to come on the marketplace, said Amazon during Sambhav summit in New Delhi on Thursday. Amazon signed …

Amazon intends to invest USD 15 billion more in India: CEO Andy Jassy
1 year, 6 months ago

Amazon intends to invest USD 15 billion more in India: CEO Andy Jassy

Deccan Chronicle  

Washington: E-commerce giant Amazon plans to invest USD 15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date. We have …

Amazon CEO Andy Jassy Announces $15 Billion Investment in India During Meeting with Prime Minister Narendra Modi
1 year, 6 months ago

Amazon CEO Andy Jassy Announces $15 Billion Investment in India During Meeting with Prime Minister Narendra Modi

Live Mint  

Amazon's CEO, Andy Jassy, informed Prime Minister Narendra Modi during their meeting on Friday that Amazon.com Inc intends to enhance its presence in India by investing an extra $15 billion. According to a blog post by Amazon, Prime Minister Narendra Modi and CEO Andy Jassy discussed several key areas during their conversation. In addition to the recent investment plans of …

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy
1 year, 6 months ago

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy

The Hindu  

E-commerce giant Amazon plans to invest $15 billion more in India, taking its total investment in the country to $26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the U.S., Amazon CEO Andy Jassy said the company has already invested $11 billion in India till date. pic.twitter.com/1JFo0oqAZz — PMO India June 23, …

Amazon’s cloud arm to invest $12.7 billion in India by 2030
1 year, 7 months ago

Amazon’s cloud arm to invest $12.7 billion in India by 2030

The Hindu  

Amazon Web Services said it plans to invest $12.7 billion in India by 2030 to meet the fast-growing customer demand for cloud services in the country. Puneet Chandok, president of commercial business, AWS India and South Asia, said India was a rapidly expanding cloud market and therefore the company was making considerable investments in the country and the newly-announced investments …

AWS to make a fresh investment of 12.7 billion in India by 2030
1 year, 7 months ago

AWS to make a fresh investment of 12.7 billion in India by 2030

The Hindu  

Amazon Web Services said it would have invested $ 16.4 billion in India by 2030 to meet the fast-growing customer demand for cloud services in the country. Puneet Chandok, president of commercial business, AWS India and South Asia said India was a rapidly expanding cloud market and therefore the company was making considerable investments in the country and the newly …

AWS, Amazon Web Services India Cloud Division, To Invest Rs 1,05,600 Crore In India By 2030
1 year, 7 months ago

AWS, Amazon Web Services India Cloud Division, To Invest Rs 1,05,600 Crore In India By 2030

ABP News  

Amazon Web Services, the cloud division of e-commerce giant Amazon, has announced its intention to invest Rs 1,05,600 crore into cloud infrastructure in India by 2030. The minister welcomed AWS's investment and emphasized that the Ministry of Electronics and Information Technology is actively working on a Cloud and Data Center Policy to foster innovation, sustainability, and growth in India's cloud …

Amazon to invest USD 12.7 billion into cloud infrastructure in India; plans to create over 130,000 jobs
1 year, 7 months ago

Amazon to invest USD 12.7 billion into cloud infrastructure in India; plans to create over 130,000 jobs

India TV News  

Mumbai: Amazon's cloud computing unit, Amazon Web Services on Thursday announced its plans to invest Rs 1,05,600 crore into cloud infrastructure in India by 2030. “Amazon Web Services announced it plans to invest INR 1,05,600 crores into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in India,” it said in a statement. India welcomes …

Amazon doubles cumulative export target from India to $20 billion by 2025
2 years, 8 months ago

Amazon doubles cumulative export target from India to $20 billion by 2025

The Hindu  

E-commerce giant Amazon on Wednesday said it is doubling the target for cumulative exports by Indian exporters to $20 billion by 2025, via its platform. The U.S.-headquartered firm’s founder and CEO Jeff Bezos had in January 2020 announced that the company would enable cumulative exports of $10 billion worth “make-in-India” goods by 2025. “Cumulative exports by Indian exporters on the …

CCI slaps ₹200 crore fine on Amazon, freezes Future deal
3 years ago

CCI slaps ₹200 crore fine on Amazon, freezes Future deal

The Hindu  

The Competition Commission of India on Friday froze its approval given in November 2019 to Amazon’s investment in a Future Group unit on the grounds that the U.S. e-commerce company had suppressed the scope and full details of its investment while seeking regulatory approval. The CCI decision further roils the legal landscape as Amazon seeks to block the Future Group’s …

Amazon spends Rs 8,546 cr in legal expenses during 2018-20 to maintain presence in India: Report
3 years, 3 months ago

Amazon spends Rs 8,546 cr in legal expenses during 2018-20 to maintain presence in India: Report

Firstpost  

Amazon is locked in a legal tussle over the takeover of Future Group and is facing a probe by the Competition Commission of India. US e-commerce giant Amazon, which is said to be investigating alleged bribes paid by its legal representatives in India, spent a staggering Rs 8,546 crore or $1.2 billion in legal expenses for maintaining a presence in …

Big win for Amazon over rival Reliance in India top court battle
3 years, 5 months ago

Big win for Amazon over rival Reliance in India top court battle

Al Jazeera  

India’s Supreme Court blocks $3.4-bn deal struck by Reliance as battle to dominate country’s retail sector intensifies. US e-commerce giant Amazon has won a major legal victory in India as the country’s top court blocks a $3.4bn deal struck by domestic rival Reliance. Amazon, Walmart-backed Flipkart and Reliance, owned by Asia’s richest man Mukesh Ambani, are locked in a titanic …

Jeff Bezos’s Amazon just won in a major battle with Mukesh Ambani’s Reliance
3 years, 5 months ago

Jeff Bezos’s Amazon just won in a major battle with Mukesh Ambani’s Reliance

CNN  

New Delhi CNN Business — India’s top court has handed Amazon a major victory in its fight with Reliance Industries for the country’s growing e-commerce market. On Friday, the Supreme Court of India ruled in favor of the American company’s efforts to stop its rival Reliance from buying Future Retail, a local, cash-strapped retailer. Future Group had raised questions about …

Flipkart raises USD 3.6 billion from GIC, SoftBank, Walmart, others; valuation hits USD 37.6 billion
3 years, 5 months ago

Flipkart raises USD 3.6 billion from GIC, SoftBank, Walmart, others; valuation hits USD 37.6 billion

India TV News  

Flipkart Group on Monday said it has raised USD 3.6 billion in funding led by GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at USD 37.6 billion. The current funding round has The investment values the Group at USD 37.6 billion post-money, Flipkart said in a statement. As we serve our consumers, …

Amazon Pay Later hits 20 lakh customer sign-ups in India
3 years, 6 months ago

Amazon Pay Later hits 20 lakh customer sign-ups in India

The Hindu  

Amazon Pay Later, the credit facility available on the firm’s e-commerce platform, has reached 2 million customer sign-ups since its launch in India, Amazon said in a statement. “Amazon Pay Later provides a seamless payment experience with in-built security features and empowers our customers to better manage their monthly spends,” Vikas Bansal, Director, Amazon Pay India, said in a statement. …

SoftBank looks to invest $700 million in Flipkart
3 years, 7 months ago

SoftBank looks to invest $700 million in Flipkart

Hindustan Times  

SoftBank Group Corp. is in talks with Flipkart to invest $700 million in the internet retailer, three years after it sold its entire stake in the company to Walmart Inc., two people aware of the development said. The proposed investment in Flipkart from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 billion funding round, the people said on condition …

Amazon announces $250 million fund to digitise small businesses in India
3 years, 8 months ago

Amazon announces $250 million fund to digitise small businesses in India

India Today  

Amazon.com Inc on Thursday announced a $250 million venture fund for India, focused on bringing the country's small businesses online, as the company comes under fire from local retailers. "We are very passionate about trying to enable acceleration of small and medium-sized businesses, in fuelling innovation and the economy in India," the company's incoming CEO Andy Jassy said at Amazon …

Amazon infuses ₹225 crore into payments unit Amazon Pay in India
3 years, 9 months ago

Amazon infuses ₹225 crore into payments unit Amazon Pay in India

The Hindu  

Amazon has infused over ₹225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. aggregating to ₹225 crore to the existing shareholder on rights basis”, regulatory documents sourced by business intelligence platform Tofler showed. In January last year, Amazon founder Jeff Bezos had announced $1 billion incremental investment in India to help bring small and medium …

Hearing of Flipkart, Amazon case resumes
3 years, 11 months ago

Hearing of Flipkart, Amazon case resumes

Live Mint  

Karnataka high court on Monday said it will begin daily hearing of the case between the Competition Commission of India and India’s two biggest online retailers Flipkart and Amazon on Wednesday, two people aware of the development said. CCI had approached the high court in December to vacate a stay issued by the court in February 2020 on a probe …

Amazon infuses Rs 1,125cr into India unit ahead of festive sales
4 years, 3 months ago

Amazon infuses Rs 1,125cr into India unit ahead of festive sales

India TV News  

US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 1,125 crore into one of its India units, Amazon Seller Services, according to regulatory documents. Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius have pumped in Rs 1,125 crore into Amazon Seller Services, regulatory documents sourced by business intelligence platform Tofler, showed. Previously, the …

Flipkart Raises $1.2Bn in Walmart-led Funding, Valued at $24.9Bn
4 years, 5 months ago

Flipkart Raises $1.2Bn in Walmart-led Funding, Valued at $24.9Bn

The Quint  

Indian e-commerce giant Flipkart has raised $1.2 billion in a funding round led by its majority stakeholder Walmart along with other existing shareholders. This is the largest fund raising for Flipkart since Walmart acquired the retail platform two years ago for $16 billion. Flipkart CEO Kalyan Krishnamurthy, in a statement, said, “Since Walmart’s initial investment in Flipkart, we have greatly …

Amazon announces it will create 1 million jobs in India, commerce minister says we don't need $1B favour
4 years, 11 months ago

Amazon announces it will create 1 million jobs in India, commerce minister says we don't need $1B favour

India Today  

New Delhi: E-commerce giant Amazon on Friday announced that it plans to create 1 million jobs in India by 2025 through investments in technology, infrastructure and its logistics network. During his stay in India, Bezos also announced that the company planned to invest $1 billion to "help bring 10 million traders and micro, small, and medium-sized businesses across India online, …

Amazon not doing India a favour by investing $1 billion: Piyush Goyal
4 years, 11 months ago

Amazon not doing India a favour by investing $1 billion: Piyush Goyal

India TV News  

Union Commerce and Industry Minister said on Thursday that global e-commerce giant Amazon wasn’t doing India a favour by investing $1 billion in the country’s market. Bezos not to meet PM Modi, Piyush Goyal Amazon founder and CEO Jeff Bezos who is currently in India on a three-day visit was earlier slated to meet Prime Minister Narendra Modi. The Amazon …

Traders' body CAIT alleges $1 bn not investment but promotional finance to Amazon India to crush retail trade
4 years, 11 months ago

Traders' body CAIT alleges $1 bn not investment but promotional finance to Amazon India to crush retail trade

Firstpost  

Traders’ body CAIT on Wednesday alleged that the $1 billion investment announced by Amazon chief Jeff Bezos is “promotional finance” to Amazon India to crush retail trade and encourage predatory pricing and deep discounting New Delhi: Traders’ body CAIT on Wednesday alleged that the $1 billion investment announced by Amazon chief Jeff Bezos is “promotional finance” to Amazon India to …

Amazon boss Jeff Bezos commits USD 1 billion investment to digitise small businesses in India
4 years, 11 months ago

Amazon boss Jeff Bezos commits USD 1 billion investment to digitise small businesses in India

India TV News  

Amazon.com Inc chief Jeff Bezos on Wednesday announced USD 1 billion investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025. Before this, the online retail giant had committed USD 5.5 billion investments in India - Amazon's most important market outside of the US and a …

Amazon CEO Jeff Bezos commits $1 bn investment, to digitise over 10 million small businesses in India
4 years, 11 months ago

Amazon CEO Jeff Bezos commits $1 bn investment, to digitise over 10 million small businesses in India

Firstpost  

Amazon.com Inc chief Jeff Bezos on Wednesday announced $1 billion investment in India to help bring small and medium businesses online and committed to exporting $10 billion worth of India-made goods by 2025 New Delhi: Amazon.com Inc chief Jeff Bezos on Wednesday announced $1 billion investment in India to help bring small and medium businesses online and committed to exporting …

Amazon pumps in over Rs 1,700 crore into India units
4 years, 11 months ago

Amazon pumps in over Rs 1,700 crore into India units

India TV News  

E-commerce giant Amazon has pumped in over Rs 1,700 crore into its payments and wholesale business units in India, as per regulatory documents. Amazon Pay India has received Rs 1,355 crore from Amazon Corporate Holdings Pvt Ltd and Amazon.com.incs.Limited, regulatory documents filed with the corporate affairs ministry showed. Amazon Wholesale Pvt Ltd allotted shares worth about Rs 360 crore on …

CCI orders enquiry into business practices of Amazon, Flipkart
4 years, 11 months ago

CCI orders enquiry into business practices of Amazon, Flipkart

The Hindu  

Fair market watchdog Competition Commission of India has ordered an enquiry into the operations of both Amazon and Flipkart on multiple counts, including deep discounts and exclusive tie-up with preferred sellers. In its order, the CCI said that it needs to be investigated whether the alleged exclusive arrangements, deep discounting and preferential listing by Amazon and Flipkart are being used …

Amazon doing extremely well in India: Jeff Bezos
5 years, 1 month ago

Amazon doing extremely well in India: Jeff Bezos

India TV News  

E-commerce giant Amazon is doing "extremely well" in India, its founder and CEO Jeff Bezos has said while expressing hope for regulatory stability in the country. Responding to another question, the Amazon head said he "definitely" wants to go to space, asserting that he is having a great deal of fun doing everything that he does. The US-based Amazon is …

Amazon says it has invested Rs 450 crore into its retail, food and payments units in India
5 years, 2 months ago

Amazon says it has invested Rs 450 crore into its retail, food and payments units in India

Firstpost  

Founder Jeff Bezos has committed to spending more than $5 billion for the Indian market. Documents filed with the Registrar of Companies showed that Amazon had pumped the money into its retail, food and payments units. Founder Jeff Bezos has committed to spending more than $5 billion for the Indian market, where Amazon is locked in a battle with Walmart …

Amazon, Flipkart find success in rural India during sales season
5 years, 3 months ago

Amazon, Flipkart find success in rural India during sales season

Live Mint  

Amazon.com Inc. and rival Walmart Inc. reported record revenue for their six-day India sales festivals as e-commerce catches on with buyers and sellers in smaller Indian towns, moving beyond the country’s urban, English-speaking population. The American competitors have been dueling in India since Walmart cut a $16 billion deal for control of local pioneer Flipkart Online Services Pvt last year. …

Amazon deal to help payments side more: Biyani
5 years, 4 months ago

Amazon deal to help payments side more: Biyani

Live Mint  

Mumbai: Future Group founder Kishore Biyani has said global e-commerce giant Amazon's investment in the firm is not just to raise money but also to become a part of the ecosystem. The company recently announced Amazon picking up a full 49% stake in Future Coupons, the promoter entity of Future Retail, with an option to acquire the entire stake later. …

Amazon in advanced talks to buy 8-10% stake in Kishore Biyani-led Future Retail; deal expected to close in next few weeks
5 years, 4 months ago

Amazon in advanced talks to buy 8-10% stake in Kishore Biyani-led Future Retail; deal expected to close in next few weeks

Firstpost  

New Delhi: American e-commerce giant Amazon is in an advanced stage of discussions with Future Retail Ltd for picking up 8-10 percent stake in the Indian retail chain, according to sources. When contacted, Amazon India said the company doesn’t comment on speculation, while Future Retail declined to comment. Future Retail would be Amazon’s third investment in the Indian brick-and-mortar retail …

Amazon invests ₹51 crore in Quess Corp arm
5 years, 5 months ago

Amazon invests ₹51 crore in Quess Corp arm

Live Mint  

Mumbai: US-based e-commerce giant Amazon has made an equity investment of ₹51 crore in QDigi, an after-sales support company for electronic products. Quess Corp board has approved issue of 754,437 equity shares to Amazon.com at an issue price of ₹676 on a preferential basis, according to a stock exchange filing. Quess Corp, currently offers end-to-end business functions like recruitment, temporary …

Amazon invests Rs 450 crore in India payments unit-Amazon Pay
5 years, 6 months ago

Amazon invests Rs 450 crore in India payments unit-Amazon Pay

India TV News  

American retail giant Amazon has infused Rs 450 crore into its payments unit in India - Amazon Pay, according to regulatory documents. Amazon Pay has allotted 45 crore shares of Rs 10 each aggregating to Rs 450 crore to Amazon Corporate Holdings and Amazon.com.incs Ltd, documents filed with Corporate Affairs Ministry showed. Amazon Corporate Holdings has pumped in Rs 449.95 …

Amazon to sharpen focus on India after running into China wall
5 years, 8 months ago

Amazon to sharpen focus on India after running into China wall

Live Mint  

Bengaluru: Amazon.com Inc.’s retreat from China will allow the e-commerce giant to free up resources to sharpen its focus on India, its largest market outside of the US. Amazon’s decision to shut its Chinese marketplace business after struggling to compete with local rivals such as Alibaba Group Holding Ltd and JD.com also underscores the growing importance of India, which has …

E-commerce, consumer internet companies raised over $7 billion in private equity and venture capital funding in 2018: EY
5 years, 10 months ago

E-commerce, consumer internet companies raised over $7 billion in private equity and venture capital funding in 2018: EY

Firstpost  

Of all companies, startups like OYO, Swiggy, Byjus, PayTm Mall, Pine Labs, Zomato, Udaan, PolicyBazaar and CureFit have collectively raised the lion’s share around $4.6 billion New Delhi: E-commerce and consumer internet companies have raised over $7 billion in private equity and venture capital funding in 2018, says EY report. The report titled ‘E-commerce and Consumer Internet Sector – India …

Amazon sees long-term prospects in India, says evaluating changes in FDI rules to avoid 'unintended consequences'
5 years, 11 months ago

Amazon sees long-term prospects in India, says evaluating changes in FDI rules to avoid 'unintended consequences'

Firstpost  

Both Amazon and Flipkart had extensively lobbied with government officials seeking an extension in deadline after the proposed changes were announced in December. New Delhi: US e-tail giant Amazon sees “very good long-term prospects” in the Indian market but is evaluating the recent changes in FDI rules for online marketplaces to ensure that there are no “unintended consequences” for customers …

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