Amazon discloses $600-mn India investments since January

Amazon's investments come at a time when Flipkart has built itself a war chest of $1.4 billion

Amazon, the world’s largest e-commerce company, has disclosed investments of $600 million (Rs 3,800 crore) in its Indian business units since January.

These investments are being used to build a seller base, which has reached 200,000; a payments arm, for which the company recently received a pre-paid instrument licence; and for setting up infrastructure. 

Amazon said half its investments in India have been used to set up warehouses and sorting and data centres.

According to disclosures made to the ministry of corporate affairs, the two largest investments of Rs 1,680 crore and Rs 1,381 crore since January 2017 were routed to Amazon Seller