first reported by Indian financial publication Mint.
The infusion of capital comes in time to prepare Amazon India (officially named Amazon Seller Services Pvt Ltd) for the holiday shopping season, which centers around the Dussehra and Diwali festivals in the fall. Amazon India’s chief rival for the attention of online shoppers will be Flipkart, which raised $1.5 billion at a valuation of $11.6 billion three months ago from a noteworthy roster of investors including Amazon rival eBay, Microsoft, and Tencent. Another important competitor is Alibaba-backed Paytm.
Amazon pumped $2 billion into its Indian marketplace in summer 2014 and launched Amazon Prime there last year, with annual memberships costing 999 rupees (about $15, though discounts…