Amazon announces additional US $2 billion investment in India

Amazon.in-logoNew Delhi, India, July 30, 2014: Since its launch just over a year ago, Amazon’s marketplace (www.amazon.in) has grown to be India’s largest store with over 17 million products from a continually growing base of thousands of small and medium-sized businesses, serving millions of customers across India and delighting customers with its guaranteed next-day delivery service. Amazon today announced that it will invest an additional US $2 billion to support its rapid growth and continue to enhance the customer and seller experience in India.

Founder and CEO of Amazon.com Jeff Bezos said, “After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed our expectations. We see huge potential in the Indian economy and for the growth of e-commerce in India. With this additional investment of US $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India. At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales. A big ‘thank you’ to our customers in India – we’ve never seen anything like this.” 

Customers on www.amazon.in and Amazon’s mobile shopping application can shop anywhere with ease and confidence from over 17 million products across a broad range of categories including Books; eBooks & Tablets; Movies & TV shows; Kindle Devices, Computers & Accessories; Mobiles & Accessories; Consumer Electronics; Toys & Games; Baby Products; Health and Personal Care products; Watches; Fashion Jewelry; Home & Kitchen products; Beauty Products; Video Games; Music; Luggage & Bags; Handbags & Clutches; Sports, Fitness & Outdoor equipment; Shoes; Men’s, Women’s & Kid’s wear; and more.

A large base of small and medium-sized businesses are already benefitting from Amazon’s investment in its Fulfillment by Amazon offering. Customers across several cities in India are increasingly enjoying Amazon’s guaranteed next-day delivery on more than 300,000 products fulfilled by Amazon.

All customers benefit from a safe and secure ordering experience, convenient electronic payments, Cash on Delivery, no-risk hassle-free returns policy, Amazon’s 24×7 customer service support, and a globally recognized and comprehensive 100% purchase protection provided by Amazon’s A-to-Z Guarantee.

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