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Amazon to partner with Narayana Murthy’s Catamaran
Posted On: 27-06-2014 00:00:00 14

As per a report in Economic Times, NR Narayana Murthy, who is stepping down as the Executive Chairman of Infosys, is preparing to make an entry into the e-commerce space with Amazon. The investments will be routed through his firm, Catamaran Ventures which will partner with Amazon Asia.

Since FDI in e-commerce is not allowed in India, it is being speculated that Amazon and Catamaran have come up with a structure in which their venture does not fall under the ambit of FDI restrictions. Amazon and Catamaran are expected to form a joint venture for the back end operations. This will be a holding company in which Catamaran will hold a majority 51% stake. Since this will be an Indian entity, its subsidiary will be called an Indian company too. That subsidiary will roll out the e-commerce business.

Amazon, which entered India last year operates as a third party marketplace operator, providing platform for others to sell, instead of selling directly. This is because of the FDI restrictions in the e-commerce sector.

 
 
 

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