Global e-commerce giant Amazon.com has infused $308.02 million in its Indian unit, Amazon Seller Services to improve its business to meet the growing demand induced by the coronavirus pandemic.
The investment which will be majorly driven by Amazon Singapore which will be the largest contributor of funds will be utilized to expand infrastructure and adding solutions to enhance consumer and seller experience.
Amazon founder Jeff Bezos had committed a $1 billion investment in India in January to transition more than 10 million small and medium businesses online in India by 2025.
Earlier in May, Amazon India had said that it would hire 50,000 temporary workers to meet a surge in online shopping in the country. The company, which competes with Walmart Inc’s Flipkart in India, has also been expanding its seller network in the country.
Following the extensive lockdown in the country, Amazon urged small shops to join as sellers on its platform to boost local businesses and expand its reach.
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