To date, the payments subsidiary of Amazon India has received a fund infusion of up to INR 5,200 Cr
Amazon Pay has been adding new payments categories and building partnerships in the past few months
The fresh funding comes amid reports of Amazon’s plans of $1.4 Bn fund infusion into its payments arm
Amazon.com Inc, the parent entity of the US-based ecommerce giant, has infused fresh capital of INR Rs 225 Cr into its India payments subsidiary, Amazon Pay (India) Pvt Ltd, according to regulatory filings with the Registrar of Companies.
Most of the fresh capital came to Amazon Pay India through Amazon Corporate Holdings, a Singapore-based parent entity that operates the e-commerce giant’s India businesses. An additional investment also came from Mauritius-based Amazon.com Inc.
Amazon Pay India has, to date, received around INR 5,200 Cr out of which INR 2,000 Cr came in multiple tranches in the last two years, according to Economic Times.
The fresh funding comes a few months…