Pismo, the cloud-native core banking and payments platform, has announced the signing of a $108 million Series B fundraising round, led by SoftBank Latin America Fund, Amazon and Accel with participation from B3, Falabella Ventures and PruVen and existing investors and Headline and Redpoint eventures. The funding will fuel the company’s global expansion and accelerate…
Amazon Web Services (AWS), an Amazon.com, Inc. company, has announced plans to open an infrastructure region in Aotearoa New Zealand in 2024. The new AWS Asia Pacific (Auckland) Region will consist of three Availability Zones (AZs) and join the existing 81 Availability Zones across 25 geographic AWS Regions at launch, according to a statement. It…
Amazon and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s…
Amazon Pay India Private Limited, the online payment business of e-commerce giant Amazon, has bagged a fresh funding of ₹225 crore. The fresh investment has been made by Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius against 22.5 crore equity shares. The significant share has gone to Amazon Singapore which has invested…
US-based e-commerce giant Amazon has infused Rs 915 crore fresh capital into one of its India units – Amazon Seller Services, according to PTI report. The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani’s JioMart. Amazon Corporate Holdings and…
Amazon announced nine new utility-scale wind and solar energy projects in the U.S., Canada, Spain, Sweden, and the UK. The company now has 206 renewable energy projects globally, including 71 utility-scale wind and solar projects and 135 solar rooftops on facilities and stores worldwide, which will generate 8.5 GW of electricity production capacity globally. With…
M1xchange has raised $10 million in its current funding round, which was led by Amazon and had participation from BEENEXT and existing investor Mayfield. M1xchange is the leader amongst the holders of the three Trade Receivables Discounting System (TReDS) licenses issued by RBI, in terms of cumulative value of invoices discounted. Since the launch of…
E-commerce firm Amazon has acquired an omnichannel platform – Perpule, which is based in Bengaluru, in an all-cash deal. According to regulatory filings, “Amazon Technologies Inc., a subsidiary of the US-based retailer, acquired Perpule for Rs 107.6 crore in an all-cash deal.” “Perpule has built an innovative cloud-based POS offering that enables offline stores in…
Amazon has appointed Salesforce executive Adam Selipsky to lead its high-margin cloud computing unit, Amazon Web Services, according to Reuters report. The move comes as AWS’ current lead Andy Jassy is vacating the role to become the chief executive officer of Amazon, after Jeff Bezos announced his exit in February. AWS, a key part of…
An omnichannel direct-to-consumer company, MyGlamm has secured Rs 175 crore in its fresh funding round. The Series C funding was led by Amazon, Ascent Capital, along with Wipro Consumer. The beauty brand was valued around $100 million in the funding round. The funding was Amazon’s first investment in an Indian consumer brand. “Amazon remains committed…
Jungle Scout, an all-in-one platform for selling on Amazon, has raised $110 million in growth capital, led by Summit Partners and Jungle Scout Founder & CEO Greg Mercer. The capital supports Jungle Scout’s continued growth as the company expands its technology suite with the acquisition of Seattle-based Downstream Impact, an Amazon advertising tech company, extends…
Amazon announced the launch of Amazon Global Selling Propel (AGSP), an initiative designed to provide dedicated support to emerging Indian brands and startups to reach customers around the world. According to a statement, Amazon has partnered with Startup India to launch an accelerator program to help early-stage startups in the consumer products space to launch…
Amazon.com Inc said it would acquire podcast startup Wondery. Recently, the Wall Street Journal reported that Amazon was in talks to buy Wondery in a deal worth over $300 million. “We’re pleased to announce that Wondery — an innovative podcast publisher with a track record of creating and producing top-rated podcasts — has signed an…
ZeroAvia, a Hydrogen plane startup has sealed $21.4 million in its fresh financing round led by Breakthrough Energy Ventures of Bill Gates. The startup aims to develop zero-emission commercial aircraft with the funds raised. “This is a capital-intensive industry, so having investors to help you through the process is very important,” ZeroAvia Chief Executive Val…
Saurabh Srivastava has been named the new head of Amazon Fashion India followed by the exit of Arun Sirdeshmukh from the company. An Amazon spokesperson said to ET – “We confirm that Arun Sirdeshmukh, business head – Amazon Fashion India, has decided to move on from Amazon India. Srivastava, director, consumables and media, who is a tenured Amazonian, will lead…