Amazon injects $404 million into India business

Amazon has recently infused $404 million into its India business as it seeks to climb to the top of the country’s online services market.

New regulations set in India relating to ecommerce at the end of 2018 have forced Amazon to cut the number of products it sells.

In effect of the new law, Amazon had to pull an estimated 400,000 products, and its rival Flipkart has pulled as much as one quarter of its products from India to meet the regulations which had kicked in from February 1, 2019.