Amazon India doubles war chest to $4.74b to take on Flipkart

Amazon
FILE PHOTO - Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, U.S. January 29, 2016. REUTERS/Mike Segar/File Photo

Amazon India has nearly doubled its authorized capital to Rs31,000 crore ($4.74 billion), nearly matching its mammoth capital commitment of $5 billion made in June last year.

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