After investing $250 million in December 2015, eCommerce website Amazon has now invested about $300 million in Amazon Seller Services. The capital are being used to improve warehousing, logistics and marketing services.
With this, Amazon India has now received over $1 billion, since CEO Jeff Bezos announced to invest $2 billion to support Amazon’s India growth in July 2014. In July 2015, Amazon said that it may invest about $5 billion in India over the next few years.
In December 2015, Walmart Stores Inc also invested $53 million in its Indian unit in December 2015 and plans to open over 50 new stores in India. Apart from this, Chinese eCommerce firm Alibaba has also established its footprint in India after partnering with Paytm and investing in Snapdeal, it is now reportedly planning to acquire a stake in Flipkart.Category Business Investments