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Amazon India infuses an additional capital of $260M

As it is preparing for holiday shopping season in the fall, Amazon has invested in its India business with another $260 million, say reports. Further, reports suggest that the e-commerce giant is likely to continue pumping money into its India unit. Notably, Amazon India’s chief rival Flipkart raised $1.5 billion at a valuation of $11.6 billion three months ago from investors including Amazon rival eBay, Microsoft, and Tencent.

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