In the retail war between Walmart and Amazon in India, it is the Jeff Bezos-led technology giant’s turn to make a move. According to sources, the global e-commerce giant has started preliminary discussions with Indian supermarket, hypermarket and retail companies to buy a stake in any one of these firms.
While the talks are still at a preliminary stage, sources said major retail players had held discussions with Amazon. Recently, after the announcement of the Flipkart-Walmart deal, the Future Group’s founder, Kishore Biyani, had indicated he was ready to sell a stake to the strongest global retailer.
Sources said Biyani had held