Amazon bags 49% stake in Future Coupon
By MYBRANDBOOK
Amazon has announced the acquisition of 49% stake in Future Coupon led by Kishore Biyani.
For acquiring a 49% stake, comprising both voting and non-voting shares, Amazon has agreed to make an equity investment in Future Coupons Limited. Since Future Retail can’t directly sell stake in Amazon, it is routing it through one of its entities – Future Coupon. The financial details of the transaction are still awaited.
Over the past couple of years, Amazon has been buying stakes in offline retailers to ramp up its game against rival Walmart with an omnichannel approach. Amazon and Walmart are already engaged in an e-commerce rivalry in India, and recently both have been targeting on the offline retail front as well.
Currently, Future Retails counts of 1,557 stores and presence in 437 Indian cities. Whereas, Amazon has opened its biggest office building in the world in the Indian city of Hyderabad, the deal will open several avenues to leverage Future Group’s strong offline presence in the country.
BREAKING NEWS
TECHNO TRENDS
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
ID-REDACT® ensures full compliance with the DPDP Act for Indi
Data Safeguard India Pvt Ltd, a wholly-owned subsidiary of Data Safeguard ...
E-Magazine
TECHNOTAINMENT
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
MOVERS & SHAKERS
SISL elevates Ankita Wadhawan as CEO—End User Computing
The IT service provider, SISL in a LinkedIn post announced the elevation
InfoVision appoints Radhika Venkatraman to its Advisory Board
Global digital services company, InfoVision has announced the appointment
OPEN YOUR EYES
INTERVIEWS
CommScope celebrates its 25 years of legacy in India by contin
A strong brand must also reflect the company values and speak exactly what
AMD Pensando innovation CONTINUES
In 2022, AMD announced its acquisition of Pensando Systems, an addition to
HOT PICK
Canon India Introduces 4K Remote PTZ Camera Controller & 4K In
Canon India, a leading company in digital imaging solutions, further solidi
Dell Technologies launches the new consumer and gaming portfol
Dell Technologies has unveiled its newest line of AI-enabled consumer PCs
MAKE IN INDIA BRANDS
OPTIEMUS INFRACOM
SAFE SECURITY SERVICES PVT. LTD.
SAMRIDDHI AUTOMATIONS PVT. LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Dr. Sanjay Bahl
Sanjay Bahl is currently with the Indian Computer Emergency Response T...
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
Technology Icons Of India 2023: Alok Ohrie
Alok plays a critical role in the Government of India’s Atal Innovat...
PARTNER SPEAKERS
PSU
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
RailTel connecting every corner of India
RailTel is an ICT provider and one of the largest neutral telecom infr...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
VIDEOS
Top 25 Brands
Value-Added Distribution
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...
EXCLUSIVE NETWORKS SALES INDIA PVT. LTD.
Exclusive Networks is a globally trusted cybersecurity specialist hel...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
 INDERJEET SINGH.jpg)
