Amazon, the world’s biggest online retailer, has stepped up its investment in India and pumped in Rs 2,310 crore into its marketplace. The investment was made into Amazon Seller Services (Amazon.in), which runs a marketplace that assists sellers to sell their products online. The investment comes at a time when the Covid-19 pandemic has increased the demand for e-commerce services in the country. The new funding is coming through Amazon Corporate Holdings Private Limited, Singapore and Amazon .com Inc Limited, Mauritius in exchange for 231 crore equity shares, according to the financial data accessed by business intelligence platform, Tofler.
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