News: Amazon Invests Rs 2,900 Crore in Amazon India

January 17, 2018

In late 2017, Amazon raised Rs 2,900 crore in funding for Amazon India. The funds came from Singapore-based group entity Amazon Corporate Holdings and Mauritius-based group entity Amazon.com.incs. The investment is part of Amazon's $5 billion India business expansion plan.

 

Amazon's total investment in India has reached nearly $1 billion in the 2017-18 fiscal year alone. In June, Amazon invested Rs 1,680 crore and in September an additional Rs 1,620 crore.

 

gpi-amazon india-homeAccording to Amazon's chief financial officer, Brian T. Olsavsky, they launched Amazon Prime in India a year ago and have had more Prime members join in India than any other country in the first 12 months.

 

Amazon competes with India-based ecommerce company, Flipkart. Both companies are gearing up to go head to head with competing sales next week. The Amazon Great Indian Sale will run January 21st through January 24th. To oppose Amazon, Flipkart announced their own major sale. Flipkart's Republic Day Sale will be January 21st through January 23rd.

 

Amazon and Flipkart are fierce competitors in India and promise deep discounts to customers during their sales in categories like mobile, electronics, fashion, furniture, books and more.

To read more, please see: Amazon Seller Services gets Rs 2,900 crore fresh funding from parent for India business expansion.

Further Resources on Global Business

 

Globalization Partners International (GPI) has extensive experience localizing marketing materials, technical documents, and large, scalable websites. We have previously posted a number of useful guides for best practices in this area. Feel free to review our blogs that are particularly relevant:

 

 

Please feel free to contact GPI at info@globalizationpartners.com with any questions about our language and technology services. Also let us know if you have any interesting blog topics you would like us to cover in our future blogs. You may request a complimentary Translation Quote for your projects.

Category:
Country Specific
Tags:
Amazon India, India ecommerce, global ecommerce

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Vimal Panicker is from Mumbai, India, and currently lives in Dubai. He has 5 years of experience in project management, working in the translation and localization business and has managed projects for a diverse portfolio of companies in the IT, life sciences and legal industry. Vimal holds a Bachelors Degree in Commerce from Mumbai University and has a great passion for developing and maintaining client relationships. He started off his career in the localization industry and is well-informed with the tools, processes and practices. He loves working with a culturally-diverse team and believes in exceeding client expectations. For him, translation is not only a great medium to work with people from diverse cultures but also a great platform to connect with organizations from varied sectors and understand their business functions. Outside work, he loves to watch and play football and has a great interest in fitness activities.