Amazon founder Jeff Bezos has made a total investment of $5 billion in
Amazon India. Amazon India may take several more years to generate profits.
Amazon India has been facing stiff competition from home-grown e-
commerce companies such as Flipkart, now owned by Walmart. The primary competition for the Indian e-commerce market is currently between Amazon India and Walmart. The Indian e-commerce market is expected to touch $50 billion in sales by 2020, so both companies are aggressively trying to grab a larger market share.