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Amazon scaling up investment for Indian marketplace biz

E-commerce giant Amazon has invested additional Rs 2,700 crore for its Indian marketplace unit at a time when it continues to battle its local rival Flipkart along with investing about Rs 100 crore for food retail business in India, according to a report from Mint.

iWorld e-commerce
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Netflix, Amazon woo Indians with different business models

The vast scope of Indian OTT market is undeniable. Two global streaming giants Netflix and Amazon started their endeavour in India around the same time but the latter stands at a better position. Netflix is enriching its local content library in a great momentum hooking top faces from Bollywood.

iWorld Over The Top Services
Amazon's Amit Agarwal promoted as SVP in parent company

Amazon.com has promoted its India country head Amit Agarwal to the level of senior vice-president. Agarwal, who will continue to remain the India head for now, was the vice president at Amazon earlier. The company confirmed the news in an emailed statement.

iWorld eNews
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Amazon India seasonal sale boosts Prime Video subscribers

Mumbai: Amazon's bet seems to have paid off. In the past few weeks, it has been accumulating original content and striking content licensing deals. Amazon had been firming up its content strategy by tying up with several Bollywood production houses for original TV shows and films while it was...

iWorld Over The Top Services
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Amazon Prime now available in India

With an introductory price of Rs 499 for a year, Amazon Prime is now available in India to give users same day or next day delivery on orders and 30 minute early access to lightning deals. After the inaugural pricing period, a Prime subscription will cost Rs 999 a year.

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