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Amazon pumps Rs 284 cr in Amazon Retail

Wednesday, 08 Apr 2020
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Amazon has pumped Rs 284 crore in Amazon Retail, the unit which sells grocery and food items in India.

The capital infusion, by Amazon’s Singapore and Mauritius-based entities, was approved in March 2020. In October 2019, Amazon Retail had received Rs 172 crore fund, which was preceded by another Rs 240 crore in early 2019.

The latest infusion will help the local arm scale up the grocery and food retailing businesses as consumers are expected to curtail spending on non-essentials.

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