Amazon to invest additional US$2 Billion in India-VARINDIA

Amazon's marketplace has grown to be India's largest store with over 17 million products from a continually growing base of thousands of small- and medium-sized businesses, serving millions of customers across India and delighting them with its guaranteed next-day delivery service.

Amazon has announced that it will invest an additional US$2 billion to support its rapid growth and continue to enhance the customer and seller experience in India.

"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 the 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 - e’ve never seen anything like this," said Jeff Bezos, Founder & CEO, Amazon.com.

A large base of small- and medium-sized businesses are already benefiting from Amazon's investment in its Fulfillment by Amazon offering. Customers across several cities in India are increasingly enjoying Amazon's guaranteed next-day delivery on more than 300,000 products fulfilled by Amazon.