Amazon & Walmart🛍 🇮🇳 Investment❗

  |   India News

2⃣of world's🌏 largest retailers Amazon.com and Walmart Inc will invest more than ₹2000 Cr in 🇮🇳 to build their networks💻 and gain a share of 🇮🇳, one of the largest growing retail markets in the world🌏. Right now, both of them are not direct competitors as Amazon India functions as an online💻 platform while Walmart Stores🛍 in India are wholesale only. Amazon will inject ₹1696 Cr💰 through a rights issue into Amazon Seller Services while Walmart will invest ₹360 Cr💵. India's e-commerce💻 market is expected to grow to $103 billion💰 by 2020 and overtake the likes of Japan, Germany and UK👏.

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