The e-commerce giant is buying 49% of More, a popular Indian supermarket chain, according to multiple reports in local media. The remaining 51% will be owned by Indian private equity firm Samara Capital.
More has over 540 supermarkets and hypermarkets across India. It is part of a bigger retail business that was recently sold by Indian conglomerate Aditya Birla Group to a company called Witzig.
An Amazon spokesperson told CNN that Amazon and Samara have "agreed to co-invest" in Witzig but declined to comment on the size of Amazon's investment or its stake.
Witzig director Paurush Roy confirmed Samara Capital's 51% stake and its acquisition of More, but did not comment on Amazon's involvement.