In 
A day after Indian e-commerce company Flipkart announced it had raised $1 billion in funding, Amazon has announced plans to invest an additional $2 billion in the Indian market.
The Amazon marketplace that was launched in India about a year ago, has grown with over 17 million products from a continually growing base of thousands of small and medium-sized businesses, serving millions of customers across India and delighting customers with its guaranteed next-day delivery service.
“After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed our expectations,” said Jeff Bezos, founder and CEO of Amazon.com.
“We see huge potential in the Indian economy and for the growth of e-commerce in India. With this additional investment of US $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India. At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales."
"A big ‘thank you’ to our customers in India – we’ve never seen anything like this," said Jeff Bezos.
A large base of small and medium-sized businesses are already benefitting from Amazon’s investment in its Fulfillment by Amazon offering. Customers across several cities in India are increasingly enjoying Amazon’s guaranteed next-day delivery on more than 300,000 products fulfilled by Amazon, says Amazon.
Add new comment