Increasing its Capital Share
Amazon Seller Services has also passed a resolution to increase the authorized share capital from Rs 16,000 crore to Rs 31,000 crore. This move indicates that Amazon, along with investing in other units like cloud services and payments business, is expecting to go past investment commitment of $5 billion in India.
Amazon’s Overall Investment
In June, Amazon directed in Rs 1,680 crore into its India commercial center and a month ago, it put in another Rs 1,620 crore. With this, Amazon this monetary year has incomprehensibly outperformed the Rs 2,010 crore it invested in its India market place in 2016-17 and is nearing its general Rs 7,463-crore capital mixture made amid 2015-16.
Scaling its Warehousing and Fulfillment Network
Amazon has grown its fulfillment and delivery centers to 41 across 13 cities in India. 90% of its more than 200,000 sellers use its logistics services. Amazon has been scaling up its warehousing and fulfillment network in the country to cater to specialized lines of business, including furniture and large appliances, and also to make entry into food retail and consumer goods.