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Amazon brings $ 2 billion war chest to Indian e-biz operation

Bangalore, August 1, 2014: Global e-commerce leader, Amazon  has announced its intention of  pumping $ 2 billion into the India end of  its business  which is already  the country's largest store with over 17 million products on offer.
Founder-CEO Jeff Bezos says: “After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed our expectations. 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."
The Amazon announcement comes just a day after  the leading Indian owned e-biz operation Flipkart announced that it had received $ 1 billion in additional funding.
'Morning after' analysis in Indian business media  generally sees this as good for the customer: "You'll profit from fight between Bezos and Bansals": Economic Times




    


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Amazon brings $ 2 billion war chest to Indian e-biz operation
by crorkz matz on   05,  2014
  "haBIby Awesome blog.Really looking forward to read more. Awesome."
     
Amazon brings $ 2 billion war chest to Indian e-biz operation
by crorkz matz on   05,  2014
  "haBIby Awesome blog.Really looking forward to read more. Awesome."
     
Amazon brings $ 2 billion war chest to Indian e-biz operation
by crorkz mattz on January  16,  2015
  "IIIyuw You could certainly see your enthusiasm in the work you write. The world hopes for more passionate writers such as you who are not afraid to mention how they believe. Always follow your heart."
     
Amazon brings $ 2 billion war chest to Indian e-biz operation
by crorkz mattz on January  16,  2015
  "IIIyuw You could certainly see your enthusiasm in the work you write. The world hopes for more passionate writers such as you who are not afraid to mention how they believe. Always follow your heart."
     
Amazon brings $ 2 billion war chest to Indian e-biz operation
by michael crork on   03,  2015
  "dWA9j3 I really liked your blog post.Really looking forward to read more. Will read on"
     
Amazon brings $ 2 billion war chest to Indian e-biz operation
by michael crork on   03,  2015
  "dWA9j3 I really liked your blog post.Really looking forward to read more. Will read on"
     
Amazon brings $ 2 billion war chest to Indian e-biz operation
by crorkservice fiverr on   28,  2015
  "X19Hwq Looking forward to reading more. Great blog.Really looking forward to read more."
     
Amazon brings $ 2 billion war chest to Indian e-biz operation
by crorkservice fiverr on   28,  2015
  "X19Hwq Looking forward to reading more. Great blog.Really looking forward to read more."