Online retail giant Amazon invests Rs 1,680 crore in India hindustantimes.com

Amazon, the world’s biggest online retailer, has invested another Rs 1,680 crore in its Indian unit as part of its commitment to invest $5 billion to expand its local business, which is locked in a battle with arch-rival Flipkart to dominate what is seen as the world’s last major unconquered Internet market.

Amazon Seller Services Pvt Ltd (Amazon India) received the funds last month, according to regulatory documents filed with the ministry of corporate affairs. In June 2016, Amazon.com Inc had said it would invest an additional $3 billion in India after the company exhausted its earlier investment pledge of $2 billion made in 2014.