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Amazon Ends Partnership with Shoppers Stop, Exits Indian Retail Venture

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Amazon Ends Partnership with Shoppers Stop, Exits Indian Retail Venture

Amazon has fully exited its investment in Shoppers Stop, a prominent Indian department store chain, by selling its 4% stake for ₹276 crore (approximately $33.4 million). This move comes five years after Amazon first invested in the retailer, marking a notable shift in the dynamics of India’s competitive retail landscape.

The Breakup

On December 18, 2024, Amazon’s investment arm, Amazon.com NV Investment Holdings, offloaded nearly 4.4 million shares of Shoppers Stop at an average price of ₹627.60 per share. This transaction was executed as part of an open market deal, reflecting a strategic decision by Amazon to realign its investment priorities.

Who Bought the Shares?

The shares divested by Amazon were acquired by several institutional investors, including:

  • 360 One Asset Management
  • Kotak Mahindra Mutual Fund
  • Tata Mutual Fund
  • Morgan Stanley

These acquisitions indicate strong interest from institutional investors in Shoppers Stop, suggesting confidence in the retailer’s future prospects.

A Short-Lived Partnership

Amazon’s journey with Shoppers Stop began in January 2018 when the retailer issued shares worth ₹179.26 crore to Amazon. This initial investment was viewed as a strategic move by Amazon to establish a foothold in India’s physical retail sector through collaboration with an established player. However, the partnership appears to have reached its conclusion.

Reasons for the Exit

While the specific reasons behind Amazon’s decision to exit Shoppers Stop are not officially disclosed, several factors may have influenced this move:

  • Shifting Retail Landscape: India’s retail market is rapidly evolving, with new players and strategies emerging. Amazon may be reassessing its approach to the Indian market in light of these changes.
  • Focus on Online Retail: As a global e-commerce giant, Amazon might be prioritizing its core online retail business in India, where it maintains a dominant position over physical retail ventures.
  • Unsuccessful Partnership: The collaboration with Shoppers Stop may not have yielded the expected results, prompting Amazon to cut its losses and redirect resources elsewhere.

The Future of Retail in India

Amazon’s exit from Shoppers Stop underscores the dynamic nature of India’s retail sector. As competition intensifies among various players, it will be interesting to observe how other retailers adapt and position themselves in this ever-changing environment.

Market Implications

The departure of Amazon from Shoppers Stop could signal potential shifts in consumer behavior and investment strategies within the Indian retail landscape. Other retailers may seize this opportunity to fill any gaps left by Amazon’s exit or to innovate their offerings further.

Conclusion

Amazon’s divestment from Shoppers Stop marks a significant shift in its investment strategy within India’s retail sector. As the company continues to focus on strengthening its online presence, this move highlights the complexities and challenges of navigating the evolving retail landscape in one of the world’s largest markets. The future will reveal how both Amazon and Shoppers Stop adapt to these changes and what new opportunities arise for other players in the industry.

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

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Regional OTT Platform STAGE Raises $12.5 Million to Expand Bhojpuri and Cultural Offerings

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Regional OTT platform STAGE has successfully raised $12.5 million in its Series B funding round, a move that highlights the increasing demand for regional content in India. The round was co-led by Goodwater Capital and Blume Ventures, with participation from Physis Capital and several angel investors.

The funding includes $10 million in primary capital and $2.5 million from secondary share sales, allowing early investors to partially exit. This capital will enable STAGE to enhance its content offerings, particularly in underserved languages like Bhojpuri, while strengthening its technological capabilities.

 

Since its launch in 2019, STAGE has quickly established itself as a leader in the regional OTT market, reporting an Annual Recurring Revenue (ARR) of ₹180 crore (approximately $21.7 million) and over 4.4 million paying subscribers. The platform has achieved over 20 million app installs and experienced significant growth, with a 289% increase in revenue and a 286% rise in subscribers over the past year, driven by original series such as Videshi Bahu, Kaand 2010, and Bhawani.

 

CEO Vinay Singhal emphasized that this funding is not just financial support but a validation of India’s diverse regional cultures. He noted that dialects like Haryanvi and Bhojpuri should be celebrated rather than viewed as liabilities. With this new funding, STAGE plans to further invest in content creation and technology development to enrich its storytelling experience.

 

As the demand for regional language content continues to grow, STAGE’s strategic investments position it well to expand into more languages and cultural narratives, solidifying its place in the competitive OTT landscape alongside platforms like aha video and Chaupal.

 

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From Space to Earth: Sunita Williams’ Inspiring Journey and Homecoming Celebration

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Sunita Williams, the celebrated Indian-American astronaut, recently returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Initially scheduled for just eight days, her mission was prolonged due to technical issues with the Boeing Starliner spacecraft, which rendered it unsafe for their return.

On March 19, 2025, Williams and fellow astronaut Butch Wilmore safely splashed down off the Florida coast. 

 

Their homecoming was celebrated in Jhulasan village, Gujarat, where special prayers and rituals were held to honor her safe return. Family members expressed their joy and gratitude, emphasizing her strong ties to her ancestral home.

Upon her return, Williams received accolades from Indian officials, including a letter from Prime Minister Narendra Modi, who expressed pride in her achievements and resilience. He highlighted the inspiration she provides to future generations of scientists.

 

While her return marks a moment of celebration, it also signals the start of new challenges. After spending 286 days in space, Williams will undergo a 45-day rehabilitation period to readjust to life on Earth and regain physical strength.

Sunita Williams’ journey serves as an inspiration not only for India but for aspiring scientists worldwide, showcasing the significant contributions of Indian-origin individuals in global space exploration.

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