Following months-long intense regulatory setback in India, Amazon is moving back to spending big bucks to grow its business in the world’s second largest internet market.
Amazon has infused Rs 2,999 crores ($404 million) in its India business, according to a regulatory filing published this week. Amazon periodically deploys cash to its business in India, the most recent infusion being around $315 million from its international arm six months ago.
The big spendings in India is the latest sign of how crucial the country has become for Amazon, where it entered exactly six years ago and has spent more than $5.5 billion. The bet has largely worked for Amazon, which rivals Flipkart, that was snatched by Walmart for $16 billion last year.
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