Amazon infuses Rs 350 crore into India payments business amid growing competition

April 25, 2025

, By The Economic Times

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US ecommerce giant Amazon has infused Rs 350 crore into Amazon Pay India, as the fintech arm looks to step up its game against leading payment companies such as PhonePe and Google Pay.Amazon Pay India has allotted 3.5 crore equity shares to its parent entities Amazon Corporate Holdings Private Limited and Amazon.com through a rights issue, regulatory filings with the Registrar of Companies (RoC) showed.

ET has reached out to Amazon India seeking comments.

This investment follows a Rs 300 crore fundraising in November 2024 and a Rs 600 crore infusion in…

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Amazon infuses Rs 350 crore into India payments business amid growing competition

April 25, 2025

, By The Economic Times

US ecommerce giant Amazon has infused Rs 350 crore into Amazon Pay India, as the fintech arm looks to step up its game against leading payment companies such as PhonePe and Google Pay.Amazon Pay India has allotted 3.5 crore equity shares to its parent entities Amazon Corporate Holdings Private Limited and Amazon.com through a rights issue, regulatory filings with the Registrar of Companies (RoC) showed.

ET has reached out to Amazon India seeking comments.

This investment follows a Rs 300 crore fundraising in November 2024 and a Rs 600 crore infusion in…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

China’s Baidu upgrades Ernie AI models and slashes prices

Next News

Japan’s Advantest expects 6% annual profit growth as AI boosts testing

The Economic Times

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