Amazon is in talks to acquire a 26% stake in India's largest brick-and-mortar retailer, according to The Economic Times. The deal could give Amazon access to Reliance Retail's vast network of stores, which could prove to be invaluable for its fulfillment of online grocery orders in the future. Analysts say that India's ecommerce market has massive potential for growth. It is expected to be worth $200 billion by 2026, up from $38.5 billion in 2017.
Amazon is in talks to acquire a 26% stake in India's largest brick-and-mortar retailer, according to The Economic Times. The deal could give Amazon access to Reliance Retail's vast network of stores, which could prove to be invaluable for its fulfillment of online grocery orders in the future. Analysts say that India's ecommerce market has massive potential for growth. It is expected to be worth $200 billion by 2026, up from $38.5 billion in 2017.
🤔wonder how this will pan out towards Jio plans to be the amazon of india and possibly beyond.
same