India, April 23 -- Amazon India has announced plans to invest Rs.2,800 Cr (around $300 Mn) to expand its quick commerce vertical Amazon Now and strengthen its logistics network.
In a blog post, Abhinav Singh, VP of operations, India and Australia, Amazon said that a part of the chunk of the capital infusion would help Amazon double its presence in the quick commerce segment. The company, which claims to currently operate 300 micro-fulfilment centres in Delhi NCR, Mumbai, and Bengaluru, is planning to more than double its footprint in the aforementioned cities by the end of 2026.
"As we look ahead, we will continue to invest in expanding and upgrading our operations network-including fulfillment centres, sortation centres, an...
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