Amazon will acquire a 9.5 percent stake in Mumbai-based Future Retail that has more than 1,000 stores across India. The deal is estimated at $450 million. While India allows 51 percent overseas investment in multi-brand retail, a foreign portfolio investor can acquire less than 10 percent as a single firm...
Amazon Takes Steps to Boost its Position in India
After launching Project Armada to improve its logistics services in the U.S., Amazon has introduced the plan in India. Under this project, Amazon will partner with logistics companies in India which will give vehicles on lease to Amazon's sellers to effect deliveries. This step enables the company to cut down...
Amazon India Launches Mobile Browser
Amazon launched an Android web browser app for emerging markets where access to mobile data and high-speed connectivity is more limited. Currently it is only available to users in India, and is supported on devices running Android 5.0 or higher. At less than 2 MB, its smaller than other browsers,...
Global, Indian Companies to Boost Smartphone Adoption in India
Google and India's telecom company Bharti Airtel have partnered to launch low-cost 4G smartphones powered by Android Go, a trimmed down version of Android 8.1 Oreo, in India. Noida-based Lava International Limited and New Delhi-based Micromax, will make the first set of 4G handsets powered by Android Go. Vani Venkatesh, chief...
Amazon India May Launch In-House Beauty Products
Amazon India has increased focus on the high margin cosmetics category and might be in talks with local manufacturers to launch Amazon branded personal care products in India, according to a report in the Economic Times, which has been widely re-circulated by others. India's online beauty and personal care market...
Amazon India Scales Up Grocery Delivery Operations
Amazon India has started hyperlocal grocery deliveries, including fresh vegetables and fruits from its own stores, in the cities of Bangalore, Delhi-NCR region, Mumbai, and Hyderabad. Two years ago Amazon used to deliver groceries including fresh produce from third party stores such as Hypercity and BigBazaar in under two hours,...