Amazon To Invest $2B In Its India Marketplace As Competition With Flipkart Intensifies

By Catherine Shu

Rupees by Flickr user Gopal Vijayaraghavan

Just one day after Flipkart disclosed that it had raised as massive $1 billion round, Amazon has upped the ante by announcing that it will invest $2 billion in its Indian marketplace, which it launched about a year ago. In a statement, Amazon founder Jeff Bezos said “At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross… Read More

Source: Technology