This is the third investment by Amazon in an Indian brick and mortar retail business following Shoppers Stop and More.
Amazon already has three fulfilment centres in Telangana offering more than 3.2 million cubic feet of storage space to sellers, two sort centres with one lakh sq ft of processing capacity and 90 delivery stations.
The company said that the operating revenues were at Rs 3,002.1 crore against Rs 2,220.4 crore for the corresponding quarter last year.
The Galaxy Watch Active 2’s bezels are touch-sensitive, allowing users to interact with the smartwatch’s UI by moving their fingers in a clockwise or counter-clockwise direction over it.
Warburg pledged the shares with Citigroup, Barclays and Standard Chartered to raise funds.
Walmart paid $16 billion for control of Indian e-commerce pioneer Flipkart in 2018, acquiring pole position in one of the world’s fastest-growing arenas.
Thirdwatch claims to reduce fraud losses for e-commerce firms by 80% through its platform called Mitra.
It seems that India’s ailing FMCG companies have found a way to keep their cash registers ticking in the times of a slowdown. The country’s