Mukesh Ambani, the richest man in Asia is ready to step inside the e-commerce industry of India. With the help of Ai and a vast network of Jio (28 million), Ambani plans to grab a market share in this Duopoly market of Amazon and Flipkart.
According to the India Brand Equity Foundation, a subsidiary trust of India’s department of commerce, the online retail market is expected to grow to $200bn by 2026, up from $38.5bn in 2017. Amazon committed $5 billion in Indian Operation where Walmart invested $16 billion to take the controlling share in Flipkart. Flipkart also managed to receive funding from Softbank of Japan and Tiger Global.