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Amazon.com Inc has invested 23.10 billion rupees ($308.02 million) in Amazon Seller Services, an Indian unit, strengthening the enterprise at a time when extra individuals store on-line in a bid to keep away from crowded public locations. Singapore made a good portion of the financing, knowledge from enterprise intelligence agency Tofler confirmed.
The firm’s Indian arm in May stated it might rent 50,000 momentary employees to fulfill a surge in on-line purchasing in the nation. The firm, which competes with Walmart Inc’s Flipkart in India, has additionally been increasing its vendor community in the nation.
Indian legal guidelines enable international e-commerce firms to function as “market places,” connecting consumers with sellers on-line. As India went into lockdown, Amazon inspired small outlets to hitch as sellers on its platform in a bid to spice up native companies and increase its attain. Jeff Bezos-led Amazon.com in January introduced a $1 billion funding to deliver greater than 10 million small companies on-line in India by 2025.
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