Amazon infuses Rs 2,800 cr in Amazon Seller Services in 2019, down 70%
Ecommerce giant Amazon has invested only Rs 2,800 crore in its domestic marketplace Amazon Seller Services till now this year, down 70% from last year as per regulatory filings accessed by TechCircle.
In 2018, Amazon had infused Rs 9,450 crore in four tranches in Amazon Seller Services, documents showed.
However, Amazon Seller Services has increased its authorised share capital to Rs 60,000 crore from Rs 31,000 crore, indicating more room for investment in the online marketplace in future.
The high investment last year may have reduced the need for fresh fund infusion, media reports said, quoting analysts.
With Amazon’s investments in offline retailers such as Future Group, More Retail and Shoppers Stop starting to materialise, the requirement to build a dedicated supply chain might have come down, the analysts said.
The reduction in fund infusion comes after Amazon hiked its logistics and promotion fee for sellers in April.