Amazon's announcement follow Flipkart's

It seems cold war between online retailers Amazon and Flipkart. Only after few hours of announcement by Flipkart about raising of $ 1 bn from investors, the giant Amazon also announce to spend $ 2 bn to improve their business in India. To surprise, this announcement has come after declaring a loss of $ 126 million for Q2 on revenue of $ 19.34 bn. Jeff Bezos said that we see great potential for eCommerce in India and spend of $ 2 bn will help our team to improve, innovate and deliver the values to our customers in India.