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Amazon reportedly bolstering its investment in India

6/5/2018
Amazon is upping the ante when it comes to competing in India.

The online giant is stepping to up its investment in India by $2 billion, according to CNBC affiliate CNBC TV-18.

This capital is in addition to the $5 billion the company previously committed to operating in the emerging market, which is estimated to be worth $16 billion, according to the report.

The investment comes a month after Walmart gained a majority stake in Indian e-commerce retailer Flipkart — and beating out Amazon’s bid for the company.

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