Revenue of logistic arm of Amazon India up 43%

Amazon Transportation that provides delivery services to India marketplace has seen its revenue grow by 43 per cent to Rs 2,964 crore for the year ended March 2020.

 According to regulatory documents got from the business intelligence platform Tofler, the company has said that it will keep on investing in further expansion and also in technology as the management of the company is confident of future growth. In the previous fiscal, its revenue had seen a growth of around 60%.

In 2020, the company added 10 fulfilment centres (FCs) to take the total to 60, as demand for e-commerce grew in India aided by the pandemic. In FY20, the company’s losses jumped by 75% to Rs 48 crore, as it invested more to deliver goods faster. Amazon’s Prime subscription offers next-day and two-day delivery options, and Amazon Transportation plays a key role in servicing such orders.