Amazon, Future tie up

Amazon India and the Future group on Monday said they have entered into “long-term business agreements” to help expand the reach of the Future group’s retail stores and consumer brands.

The tie-up between the two comes at a time Mukesh Ambani is set to enter online food and grocery retailing through Jiomart. Reports say Jiomart’s services are available in certain suburbs outside Mumbai.

For the Future-Amazon duo, the fresh development comes after the latter had agreed to buy a 49 per cent stake in Future Coupons, which in turn held a stake in Future Retail (FRL).