India: Amazon Seller Services secures $194.6m from parent

FILE PHOTO: A delivery worker carries an Amazon package to deliver it to a customer at a residential apartment in Ahmedabad, India, March 17, 2021. REUTERS/Amit Dave/File Photo

Amazon Seller Services Pvt. Ltd., the Indian seller marketplace arm of Amazon, has raised around 1,460 crore from parent, as a part of a new corporate round, amid an intensifying battle with Walmart-owned Flipkart in India’s booming online retail market.

Singapore-based Amazon Corporate Holdings Pvt. Ltd. invested around 1,459.93 crore as a part of the current round, with Mauritius-based Amazon.com.incs Ltd investing another 6.74 lakh in the Indian unit, showed regulatory filings with the corporate affairs ministry accessed by business intelligence platform Tofler.

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