Amazon India and Future Group Enter Into Strategic Partnership

Amazon India and Future Group Enter Into Strategic Partnership
Advertisement
Kishore Biyani-led Future Group and global retail giant Amazon on Monday entered into a strategic partnership to build on synergies of experience in online and offline businesses.

This comes days after Biyani complained of e-commerce companies, particularly Flipkart, of undercutting the market and selling products at below their cost price.

The alliance will leverage strong product knowledge, extensive brand portfolio and sourcing base of Future Group, and the e-commerce platform, customer base and reach of Amazon.in.

The partnership will initially focus on Future Group's fashion brands and will subsequently cover all other categories, Future Group said in a statement.

Future Group's current portfolio of over 40 brands will be retailed exclusively online through Amazon platform.

"The bottom-line in each of our retail success stories is 'know your customer'. Insights into the soul of Indian consumers - how they operate, think, dream and live - helps us innovate and create functionally differentiating products and experiences.

Commenting on the tie-up, Biyani said: "Partnership with Amazon, which obsesses to be earth's most customer-centric company, will enable us to leverage their strengths, investments and innovations in technology to reach out to wider set of consumers across India."

"We are excited to collaborate, leverage each other's unique strengths and serve customers across India. The product portfolio of Future Group, their innate understanding of the Indian consumer mindset and our ability to serve and deliver a convenient, easy, trusted and reliable delivery experience to a nationwide set of customers is a win-win for all," said Amit Agarwal, Vice President and Country Manager, Amazon India.

Amazon.in will also partner Future Group brands in promoting the existing and new brands in markets, explore co-branding opportunities and accelerate new product development in categories which are currently not served by retailers, the company said.

The two firms will also explore synergies in areas such as distribution network, customer acquisition and cross-promotions.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Future Group, Amazon, Internet
Now, Transfer Money via Twitter (If You Live in France)
Review Site Yelp Battles Against Extortion Claims
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »