Amazon is investing $2 billion in its year-old India operations

Amazon is investing $2 billion in its year-old India operations
(Image credit: Facebook.com/AmazonIN)

Despite the fact that Amazon's India marketplace launched just over a year ago, Amazon announced Wednesday that it's pouring an additional $2 billion into the operation.

The announcement comes a day after Indian e-commerce startup Flipkart — an Amazon rival founded by former Amazon executives — raised $1 billion in new funding.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.