According to the documents which were filled with the registrar of companies, Amazon India gets funding of 207 Crore from Amazon Corporate holdings Singapore and Amazon Malaysia.
This is the second time in last six months Amazon allocating 67 crore to ATS (Amazon Transport Services) in September 2016. This fund invasion comes at a time when both Amazon and Flipkart were upgrading their warehousing and fulfillment network to cater to specialized lines of business, including heavy and bulky things.
Amazon has announced their seven new fulfillment centres. Company has invested heavily to increase it's presence in all over country and across multiple cities in terms of warehouses. Amazon currently has 41 fulfillment centres, under which 31 are in management.
Akhil Saxena, vice president of fulfillment centres of Amazon says that it will increase flexibility and helps sellers to store their goods to any of the fulfillment centre.
In Amazon site there are approx 1.4 sellers, out them 80% uses Amazon fulfillment service to sell their goods. This year, Amazon India has already pumped in 67 crore in Amazon Pay and Rs 100 crore over Amazon wholesale. Amazon India also thinks to invest 500 million dollars on food retail over the time.
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