Amazon Invests $3 Billion In Indian Market

Amazon now has more funds than both its main rivals in the country

Amazon CEO, Jeff Bezos, has announced that the company has made a 3 billion US dollar investment in the Indian market. Launched only 3 years ago, Amazon.in is already one of the top ecommerce retailers in the country, alongside the local platform Flipkart which launched in 2008. With Amazon equalling another competitor, Snapdeal, with 35 million items listed on its site, and falling just 5 million behind Flipkart, the new investment will mean Amazon now has more total funds than both its main rivals. Bezos said in a statement that Amazon has “created some 45,000 jobs in India and continues to see huge potential in the Indian economy”, but did not share any other details regarding the company's plans. 

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