Amazon invests INR 220 Cr fresh funds into Amazon Pay
Amazon Pay, the payments wing of e-commerce giant Amazon has received funds worth INR 220 crore from the parent brand.The new investment is infused by the parent entity a month after the subsidiary raised Rs 590 crore just before starting the flagship festival sale.
mazon India has mentioned in its regulatory filing that it is inflating its investment in the payments wing by at least five times. The company has also inflated its authorized capital for Amazon Pay from Rs 400 crore to Rs 2,000 crore.
Amazon invests INR 220 Cr fresh funds into Amazon Pay <