Amazon Seller Services, the marketplace unit of the US online retail giant in India, saw a cash infusion of Rs 26 billion (approximately $390 million) late last month, according to documents filed with the Registrar of Companies (RoC) that was sourced from business intelligence platform Paper.vc on Tuesday.
The Seattle-headquartered company, earlier this month, is learnt to have made a bid to acquire a controlling stake in Flipkart with an investment of around $12 billion along with a $2 billion break-away fee. However, Flipkart board preferred to go with Walmart as the investors and founders were afraid that a deal with Amazon would run into regulatory hurdles.
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