Breaking: Amazon Entering India, Hires Landmark (Retail Chain) Executive To Head Its India Operations

Well, our tipster tells us that one of the Flipkart founders was in Seattle for a long time (a month or so) last year & talks broke down when Flipkart asked for a very high buyout price.

Update: Amazon has entered Indian market. Read our exclusive coverage:

Pluggd.in Exclusive:
Amazon has been testing Indian waters for the last few months and we have got a grapevine confirmed news that the Amazin is entering India by Q1 2012.

Early Signs: Amazon’s India Venture

  • Amazon has hired Madhu M from Landmark (retail chain) to head its India books operations. Madhu is from IIM Ahmedabad and is now SVM at Amazon India (Chennai, where Amazon also has Kindle team) – he will head Amazon India operations.

amazon_india_SVM

  • Amazon is hiring across all levels in Non-Tech, IIM,ISB good education MBA grade… earlier exposure to Retails or Online domainExposure dealing with Buyers/seller/Vendors [here is the tweet from Amazon HR]amazon_hiring

 

Also, Amazon is hiring fulfilment manager in India.

What about FDI regulations? Well,  FDI is now allowed in 6 metros and Amazon might partner with a player (or like Groupon, acquire a small player) and enter the Indian market.

What about Flipkart Acquisition?

Well, our tipster tells us that one of the Flipkart founders was in Seattle for a long time (a month or so) last year & talks broke down when Flipkart asked for a very high buyout price.  And probably that’s when Flipkart decided to foray into all things ecommerce and sees the need to expand (and create a consumer brand) before Amazon enters India.

Maybe Amazon will restart the talk with Infibeam?

As of now, all we know is that Amazon will enter Indian market in another 6 months and is now building the India team. We will keep you updated with more details [do send us any tip/news via this form].

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