{"id":15830,"date":"2018-09-21T05:24:48","date_gmt":"2018-09-21T05:24:48","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=15830"},"modified":"2018-09-21T05:24:48","modified_gmt":"2018-09-21T05:24:48","slug":"how-amazon-plans-to-battle-walmart-in-india","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=15830","title":{"rendered":"How Amazon plans to battle Walmart in India"},"content":{"rendered":"
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\"Amazon\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Walmart recently spent billions to get into online retail in India. Now Amazon is going offline <\/strong>in the hope of gaining millions of new customers in the vast market.<\/h2>\n

The e-commerce giant is buying 49% of More, a popular Indian supermarket chain, according to multiple reports in local media<\/a>. The remaining 51% will be owned by Indian private equity firm Samara Capital. <\/p>\n

More has over 540 supermarkets and hypermarkets across India. It is part of a bigger retail business that was recently sold by Indian conglomerate Aditya Birla Group<\/a> to a company called Witzig. <\/p>\n

An Amazon spokesperson told CNN that Amazon and Samara have “agreed to co-invest” in Witzig but declined to comment on the size of Amazon’s investment or its stake. <\/p>\n

Witzig director Paurush Roy confirmed Samara Capital’s 51% stake and its acquisition of More, but did not comment on Amazon’s involvement. <\/p>\n

“We are confident that through More, we will be able to address customer needs for choicest of grocery and food items across the country,” Roy said. <\/p>\n

\"02
The deal will allow Amazon to expand its offline presence in India. <\/figcaption><\/figure>\n

Amazon took a small stake<\/a> in an Indian fashion retailer \u2014 Shoppers Stop \u2014 last year, but the More investment is its first big foray into brick-and-mortar retail in the country. <\/p>\n

It’s a move that will intensify its battle with Walmart<\/a> for the country’s hundreds of millions of shoppers. <\/p>\n

Walmart <\/strong>took control of <\/strong>Flipkart \u2014 India’s biggest e-commerce company and Amazon’s chief rival in the country \u2014 in May, spending $16 billion<\/a> on a 77% stake. <\/p>\n

The Arkansas-based retailer had been trying to expand its footprint in India for years, but could only open a handful of wholesale distribution outlets <\/strong>because of laws restricting foreign investment in retail. <\/p>\n

Walmart’s purchase of Flipkart gives it direct access to an Indian e-commerce market that Morgan Stanley has estimated will be worth $200 billion by 2026. <\/p>\n

But most Indians, like many Americans, still prefer to buy groceries in person. Amazon’s purchase of US grocery giant Whole Foods last year was driven by a desire to bring offline shoppers into its online ecosystem<\/a>. It will be hoping More customers do that as well. <\/p>\n

CNNMoney (New Delhi) <\/span> First published September 20, 2018: 12:05 PM ET<\/span> <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Walmart recently spent billions to get into online retail in India. Now Amazon is going offline in the hope of gaining millions of new customers in the vast market. The e-commerce giant is buying 49% of More, a popular Indian supermarket chain, according to multiple reports in local media. The remaining 51% will be owned…<\/p>\n","protected":false},"author":10,"featured_media":15831,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-15830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/15830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15830"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/15830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/15831"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}