8 334
Fashion Jobs
BENCHMARK SERVICES
Area Sales Manager - Sme Lap With Top Nbfc Company
Permanent · AHMEDABAD
GENIUS CONSULTANTS
Opening For Territory Sales Manager OR Area Business Manager
Permanent · NASHIK
TALISMAN HR SOLUTIONS
Area Sales Manager (Transportation & Logistics Company)
Permanent · AHMEDABAD
AUXIN RECRUITMENT CONSULTANTS
Area Sales Manager | Lap | Hyderabad
Permanent · HYDERABAD
BERGER PAINTS
Area Sales Manager Wood Coating
Permanent · ROHTAK
360 REALTORS
Hiring -Team Leader/ Sales Manager / Relationship Manager| Pune
Permanent · PUNE
LEVI'S
Senior Supply Planner
Permanent · BENGALURU
ADIDAS
Manager -Tech Infrastructure
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations FP&A
Permanent · CHENNAI
ADIDAS
sr. Manager Merchandising Ecommerce - em Hub
Permanent · GURUGRAM
ADIDAS
sr. Manager- DPC Partner Program
Permanent · GURUGRAM
L'OREAL GROUP
Online Brand Manager
Permanent · MUMBAI
L'OREAL GROUP
Retail And Education Manager - Ysl
Permanent · MUMBAI
JCPENNEY
Senior Manager
Permanent · BENGALURU
DAMYAA PJ FOODS
Area Sales Manager/Regional Sales Manager
Permanent · ROHTAK
ON TIME SOLUTIONS
Branded Fmcg Company Opening For Area Sales Manager in North Kerala
Permanent ·
HECTOR AND STREAK CONSULTING
Sales Engineer / am / Manager - Ups
Permanent · MUMBAI
HDFC LIFE
Hiring For Associate Area Manager-Abp Channel
Permanent ·
STONELAM SURFACES LLP
Area Sales Manager- Project Sales
Permanent · CHENNAI
SHINE
Oracle Functional Consultant - Scm
Permanent ·
SHINE
System Administrator
Permanent ·
SHINE
Information Technology Executive
Permanent ·
Published
Jan 23, 2023
Download
Download the article
Print
Text size

Amazon India invests Rs 400 crore in logistics segment

Published
Jan 23, 2023

Amazon India has invested Rs 400 crore in its shipping segment named Amazon Transportation Services. The funding injection comes as the e-commerce giant works on increasing its seller base and product selection.

Amazon India has bolstered its logistics arm with fresh funding


Amazon invested the funds via its Singapore and Mauritius-based businesses, ET Tech reported, citing information from  business intelligence platform Tofler. The funds were invested on January 6 and the funding follows on from Amazon’s investment of Rs 375 crore in Amazon Transportation Services in June last year.
 
The business aims to onboard several million more sellers in India and increase its user base to approximately 500 million in the country. Amazon India currently counts over one million sellers in India.

Amazon India’s Amazon Transportation Services segment is responsible for its logistics. Amazon had planned to open up its logistics arm to service other businesses as well as its own. Although Amazon Transportation Services’ total revenue for the 2022 financial year was up by 12.6% year-on-year at Rs 4,581 crore, the business saw its net loss widen by 38% to total Ra 95 crore in the same time period. 
 
As part of a global restructuring, Amazon India is laying off around 1,000 employees, ET Bureau reported. The business has also ceased operations of its food delivery, wholesale distribution, and ed-tech segments. 

Copyright © 2024 FashionNetwork.com All rights reserved.