News Update

Amazon invests Rs 400 Cr in shipping arm Amazon Transportation Services

• ByStartupStory     |    January 21, 2023

According to documents obtained from business intelligence firm Tofler, the US-based ecommerce company Amazon has invested an additional Rs 400 crore in its local shipping arm Amazon Transportation Services.

The investment was made on January 6. The money came from Amazon’s business entities in Singapore and Mauritius.

The fund infusion comes at a time when Amazon is expanding its seller base and product catalogue on the platform.

Amazon India previously stated that it aims to add at least a “couple of million more” sellers and increase its user base to around 500 million in India.

It has over a million sellers in the country, and the logistics unit assists them in delivering their products to customers.

 

 

 

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