Deals with Premjis, Amazon to help Biyani grow business, unlock value

Future Group is reportedly in talks with PremjiInvest for a $250 mn infusion in its flagship, and also seeks to sell 10% stake to Amazon

The new fund raising plans of Future group chief Kishore Biyani, aimed to help him grow his businesses, come on the heels of the Walmart-Flipkart deal that gives the American retail giant an entry into Indian e-commerce space.

Biyani's fund raising initiative could also help him monetise his investments in different Ventures, experts said. 

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PremjiInvest, the family office of Wipro chairman Azim Premji, is reportedly in talks with Future group to invest $250 million in the latter's flagship company.

Future is also in talks with Amazon to sell