Infosys Co-founder Narayana Murthy entering into Joint Venture with Amazon
by [email protected] · June 27, 2014
Narayana Murthy, the billionaire co-founder of Indian IT services firm, Infosys, is launching an e-commerce joint venture with the world’s largest online retailer, Amazon, through his private investment firm.
Arjun Ramegowda Narayanswamy said -
“Catamaran Ventures’s partnership with Amazon Asia will target small and medium-sized firms. 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.”
Catamaran will hold a 51 per cent stake in a holding company, with Amazon owning the rest as required under India’s foreign direct investment rules. Murthy built up Infosys into one of India’s top outsourcing service companies. He stepped down as executive chairman of the company earlier this month.
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