After Flipkart, Jeff Bezos infuses $2 billion investment in Amazon India

It will be done to support its rapid growth and continue to enhance the customer and seller experience in India.

By: Tech Desk | New Delhi | Updated: July 30, 2014 12:02 pm
jeff Amazon.in already has a significant base of small and medium-sized businesses.

A day after Flipkart announced a $1 billion round of funding, its emerging rival in India, the Amazon marketplace on Wednesday announced that it will invest an additional US $2 billion to support its “rapid growth and continue to enhance the customer and seller experience in India”.

“After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed our expectations,” said Jeff Bezos, founder and CEO of Amazon.com.

“We see huge potential in the Indian economy and for the growth of e-commerce in India. With this additional investment of US $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India. At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales. A big ‘thank you’ to our customers in India – we’ve never seen anything like this.”

Amazon.in already has a significant base of small and medium-sized businesses. Amazon caims to b the Customers across several cities in India are increasingly enjoying Amazon’s guaranteed next-day delivery on more than 300,000 products fulfilled by Amazon. Amazon.in also claims to be India’s largest store with over 17 million products.

For all the latest Technology News, download Indian Express App

  1. S
    S.Gonesh
    Jul 30, 2014 at 7:46 am
    India must stop this kinds of investments. It don´t creates employmentand it is meant in making the buyers into "consumer animals". Stopthis foolish system. The w West is saturated and spoiled and nowIndia must become a "foreign consumer paradise" for capitalists. Buy only whatyou produce. Go for Swadeshi and be your own!
    Reply
    1. O
      OpinionatedOrator
      Jul 30, 2014 at 2:31 pm
      Which stone age you come from Sir?
      Reply
      1. j
        josephnew87
        Aug 2, 2014 at 6:34 am
        Checkout BillionairesBrain, you'll like dis.. ..a must have for every entrepreneur & business leader
        Reply
        1. H
          harry
          Jul 31, 2014 at 8:59 am
          This Amazon has closed down thousands of shops in the city centers all around UK, and it will do the same in India also. Good for middle cl people as they will get cheaper goods, but bad for the poor and low middle cl people who survives on those shops for their living.
          Reply
          1. S
            Shyamal Ganguly
            Jul 30, 2014 at 11:55 am
            Trying to influence free market economy? Investor has the right to invest his money for profit anywhere. You make money and then influence people. Let people shop where the get good price, good delivery, good quality. Amazon is number 1 in all these three. Best after service for returns. Are you a hiBaadi trying to be on your own? Keep spinning thread with a Charkha, HaHa HaHa HaHa HaHa HaHa HaHa HaHa HaHa.
            Reply
            1. Load More Comments