Amazon puts Rs 284 crore in retail division
Bangalore: Amazon has pumped Rs 284 crore into Amazon Retail, the unit that sells groceries and food in India, according to the latest regulatory documents from business intelligence platform Tofler. This occurs when Amazon India is selling only essential products due to the blockage and as demand for groceries and food increases.
The capital infusion, by Amazon entities in Singapore and Mauritius, was approved last month. In October of last year, Amazon Retail had received a rupee fund of Rs 172, which was preceded by another Rs 240 crore in early 2019. The latest infusion will help the local arm expand the grocery and food retail business. as consumers are expected to cut spending on non-essentials An email sent to Amazon India received no response.