If it happens, this move would help Amazon strengthen its position in India’s fast-growing online market and deal with the country’s strict e-commerce rules.
Amazon firm has already talked with the Wall Street bank, JP Morgan, and contacted 8-10 investment firms in India, according to the report.
Amazon, an e-commerce company that is the second-largest firm after Flipkart, is talking to an investment bank to launch an IPO and wants its India business publicly traded on the stock market.
Amazon has conversations with bankers regarding the separation of business and listing IPO. Data localization and inventory in India are the main reasons behind this process.
It might be a possibility that Amazon will not change the inventory-led model if it’s happened that led this firm to have local investment and eventually allow for local ownership.
Amazon has been slow to tap into India’s growing quick-commerce market. While it has started pilot services, it’s now trying to make relationships with well-funded competitors.
