Amazon inject funds into Indian unit to boost B2B business

The US-based ecommerce giant Amazon has injected fresh capital into one of its India units, Amazon Wholesale India, according to regulatory documents.

Incs Limited has made the Rs 650 crore investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler.

The date of allotment was October 26, 2021, it added.

Amazon India did not respond to emailed queries.

The documents said that a significant share of the funds over Rs 649.94 crore came from Amazon Corporate Holdings Pvt Ltd.

The new funds will give more arsenal to Amazon in India to bolster its wholesale B2B business in India. Amazon has been aggressively investing across various business units in India.

These investments have been invested in expanding infrastructure and adding solutions to enhance the consumer and seller experience.

In October, Amazon had infused fresh capital into Amazon Seller Services - its marketplace that helps sellers sell their products online in India and internationally.