Narayana Murthy to start e-commerce business (JV with Amazon)
Infosys Chairman NR Narayana Murthy is entering into e-commerce business i.e. The Infosys co-founders family company Catamaran starting a joint venture with Amazon Asia. So soon these companies will start online retailing throughout India. Indian online customers are rapidly increasing every year, so it is a good move by both the companies.
In recent days IT top guns are concentrating on Indian e-commerce business. Earlier Wipro chairman Azim Premji has invested in Myntra.com, a fashion retail company. Later Myntra has bought by Flipkart for $330 million.
Head of Catamaran ventures, Arjun Ramegowda Narayanswamy said " Catamaran is partnering with Amazon Asia to offer services that help offline sellers and SMBs in India to get online and to take advantage of the fast-growing online customer base in the country."
Narayana Murthy to start e-commerce business (JV with Amazon) Reviewed by Janardhan Raju on Saturday, June 28, 2014 Rating: