This investment is in line with the projected growth trajectory of India's e-commerce sector, which is expected to reach USD 200-230 billion by 2030, at a steady annual increase of 20-22 per cent.
E-commerce giant Amazon has injected Rs 1.6 billion into its Indian subsidiary Amazon Seller Services, a regulatory filing revealed.
This investment is in line with the projected growth trajectory of India's e-commerce sector, which is expected to reach USD 200 billion to USD 230 billion by 2030, at a steady annual increase of 20 to 22 percent.
According to Amazon's filing in the US, “The Board of Directors has hereby agreed to receive an allotment of Rs 1,660 crore of equity shares at Rs 10 per share, for a total of Rs 16,660 crore (one share per share). 166 billion yen) to existing shareholders based on the correct basis. ”
This marks the second time this year that the e-commerce giant has injected funds into Amazon Seller Services. In early February, the US-based parent company allocated Rs 830 million to the Indian entity.
In parallel, Walmart, another major player in the e-commerce space, recently injected $600 million into its domestic competitor Flipkart.
India's strong economic growth has led to increased competition in e-commerce in India. By 2030, India is expected to see an influx of nearly 210 million new shoppers, expanding its existing user base of 240 million. Notably, the majority of these new users are expected to be from tier 2 and above cities, according to insights from market research firm Redseer.
