Amazon NRN Murthy vs Flipkart Azim Premji
India's tech
titans and fierce cross-town rivals, Wipro's Azim Premji and Infosys' N R
Narayana Murthy, are squaring off in the burgeoning $3-billion e-commerce
market space too. Premji has gone with the domestic players; he has investments
in Myntra (recently acquired by Flipkart) and Snapdeal while Murthy has placed
his bets on global e-tailing giant Amazon.
India's rapidly
growing e-commerce market is turning out to be a two-horse race between Amazon
and Flipkart.
Earlier this
year, the Wipro chairman through his investment arm, Premji Invest, and a
clutch of other investors, pumped in about $50 million in fashion e-tailer
Myntra. Snapdeal, another e-commerce player, got $100 million in funding from
five investors including Premji Invest.
More recently,
Amazon and Murthy's family office, Catamaran Ventures, floated a JV to help
small and medium businesses join the online bandwagon.
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