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Amazon To Double Down On Indian Investments

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Ecommerce giant Amazon plans to double down on its investments in India, according to the Amazon India Chief, Amit Agarwal. The future investments will be used to focus on key areas such as its digital payments platform Amazon Pay and the Prime membership program.

Despite homegrown ecommerce firm Flipkart claiming the top position at this year’s month long festive season sale, Agarwal believes this was their biggest season ever. “If we look at last Diwali, more than 70% of the customers repeated (purchases) many times during the year. In fact, one out of every five of them became Prime members. And this year, the number of transacting customers from last year was more than two times,” he added.

Last week, the company claimed to have grabbed a 44% share of the total customers and shopping volume, which was higher than any of its competitors. However, Flipkart disputed Amazon’s claim and maintained that it had been the undisputed leader during the festival season.

Amazon founder and Chief Executive Officer Jeff Bezos made a commitment to invest close to $ 5 billion in the lucrative Indian market. While the Seattle based firm has already invested more than $ 2 billion to scale up its Indian business, Amazon recently pumped Rs. 260 crores in its online payments platform Amazon Pay service.

Meanwhile, many Indian startups, in an attempt to level the playing field, have voiced concerns over the aggressive spending of global giants like Amazon and Uber in local markets. To this end, several founders of homegrown companies have launched the lobby group, Indiatech.org, to rally the government to create policies that serve the interest of smaller Indian companies.

Speaking about the lobby group headed by Flipkart founder Sachin Bansal, Amit Agarwal said, “I am as much as an Indian as anyone else out there and Amazon India is as much an Indian company as other startups. Other startups are as foreign in their investment profile as any other company. So I really don’t understand this. But our focus is very much on serving customers and we are committed to the long term.

Speaking to a news daily, the Amazon India head also stated, “Capital coming (sic) in India, whether it’s VC capital or other companies bringing in that capital, is good for the country. It’s just building more infrastructure and solving so many more problems. So free flow of capital is good for the country.”

SoftBank, which is an aggressive investor in India, has fueled thousands of dollars into several Indian companies like Ola, Uber, Flipkart, OYO and Paytm. Recently, SoftBank along with other venture capital firms like Matrix Partners and Kalaari Capital also joined the lobby group to provide financial and strategic expertise to the member companies.  However, SoftBank’s move to join the lobby group has raised concerns as the venture capital firm is in talks with San Francisco based cab hailing startup, Uber, for a major investment. 

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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