Business News Finance News General News

Worlds biggest e-commerce company to invest over $630 million into India

amazon India

Amazon.com, the world’s biggest online retailer, has decided to invest over $630 million into India. India in the last few years has been the e-commerce giant’s fastest-growing market.

Earlier this week, according to the filings made by the Amazon on Registrar of Companies, the company would invest the money to grow its retail, payment, and food sector, however, none of the company’s officials commented on the investment.

Jeff Bezos, the Founder, and CEO of Amazon stated that the company would invest over $5 billion it the Indian market. Bezos is very keen on the growth of Indian e-commerce where Amazon would be directly competing with Flipkart, a Walmart owned e-commerce company.

Amazon last year started offering its prime members with video streaming services in India. 

Earlier this year in August, Amazon said in a report it would buy minority shares in Big Bazar, a food retailer in India.

About the author

mm

Markham Reid

Markham is a freelance writer and editor he has worked with VICE media, Playboy and Tech Crunch. His articles are also regularly published on The Wall Street Journal. He covers articles related to health, fitness, and startups. He was awarded by Men's Health magazine in 2017 as the best editor in the food and wine industry. He majored in English Literature from Texas University. He is a single parent currently living in New York with his 3 kids. He loves playing video games with his sons during the weekends.

Twitter: https://twitter.com/markhamh

Linkedin: https://www.linkedin.com/in/markham-heid-945a0519/

Email: markham@financede.com

Phone no: 720.903.5202

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *