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Amazon Reliance retail

Amazon tops up Indian marketplace with Rs 2,800 Cr fresh fund

Amazon Reliance retail

To fight against arch-rival Flipkart, Amazon has pumped in Rs 2,800 crore into its Indian marketplace. The fresh funding in marketplace arm has come after a gap of six months after the e-commerce giant put in Rs 2,200 crore in December 2018.

Meanwhile, the e-commerce major had also topped up its payments and food retail business with Rs 300 crore and Rs 240 crore capital infusion. (Source)

 

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