Friday, 24 March, 2023

Amazon invests ₹11,400 cr in India in FY20

<p>Amazon has invested over ₹11,400 cr during FY 20 in the marketplace, payments and wholesale business units in India. &nbsp;As per the regulatory filings by various Amazon entities in India -- Seller Services, Wholesale, Pay and Transportation Services saw a total loss up to ₹7,899 cr in FY20 against a loss of ₹7,014.5 cr in 2019. Amazon Internet Services, which had clocked a net profit of ₹71.1 cr in FY19, also reported a loss of ₹20 lakh in FY20.</p> <p>&nbsp;</p>