Amazon to invest $2 billion more in India as e-commerce race heats up
July 30, 2014 at 04:18 AM EDT
MUMBAI (Reuters) - Amazon.com Inc on Wednesday said it will invest a further $2 billion in India just a day after the country's largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector.
