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 […]
Tag: Amazon Pay (India)
Amazon Pay, the payments entity of the e-commerce giant, has raised Rs 225 crore, marking its first fundraise of the year. Amazon Pay India raised the capital from parent entities Amazon Corporate Holdings in Singapore, which invested the majority share at Rs 224.9 crore, while Mauritius headquartered Amazon.com.incs Limited offered the rest, according to regulatory […]
Amazon India has partnered with ‘Indian Railway Catering and Tourism Corporation’ (IRCTC), to provide their customers with the facility to book reserved train tickets on Amazon. Customers will get a 10% cashback of up to INR 100 on their first train ticket booking and Prime members can avail 12% cashback up to INR 120/- for […]
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Paytm’s “Road to Profitability”
Vijay Shekhar Sharma, Founder, and CEO of Indian digital payment giant PayTM recently announced that his company expects to turn profitable after two years as it is monetizing the existing customer base and eyes financial services as its next major frontier for growth. As per an interview with The Press Trust of India, Sharma said […]
Amazon, the global e commerce giant, has made fresh investments of about ₹4500 Cr., into its Indian subsidiaries. These investments are directed at Amazon Seller Services, Amazon Pay and Amazon Retail. Amazon Seller Services, Amazon Pay (India) and Amazon Retail India has received ₹3,400 crore, ₹900 crore, ₹172.50 crore respectively from Amazon. Amazon competes with […]