Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Amazon is in discussions with Swiggy for a potential deal involving Swiggy's quick commerce business, Instamart. The talks are centered around Amazon seeking a stake in a pre-IPO placement or a complete buyout. This move comes as Amazon aims to enhance its position in the rapidly growing quick commerce sector. The interest in Swiggy's Instamart follows Amazon's strategy to catch up with competitors in the quick commerce space, which has seen significant growth recently. The IPO-bound Swiggy has also been in talks with Flipkart.
🚨 Exclusive | #Amazon in deal talks with Swiggy for quick commerce business Instamart Legacy #ecommerce companies have been on a hunt to amp up their quick commerce play as the sector sees aggressive growth Read more 👇 https://t.co/OrjSF4CjCq By @samidhas & @digbijaymishra1 https://t.co/zZK8VNN57w
Swiggy Instamart on ecommerce radar for quick commerce action. Lots to unpack here as Amazon shows early interest in IPO-bound Swiggy. After Flipkart, Swiggy in talks with Amazon. Will this move forward? W/ @samidhas https://t.co/HsvaVKnn2D https://t.co/GrFlp2AUyW https://t.co/Sc7ReLSbUh
🚨🛒 #Amazon clicks on Swiggy, goes Instamart shopping Amazon wants to catch up in the quick commerce race. It has approached IPO-bound #Swiggy for a potential deal involving its quick commerce business under Instamart. Details 👇🧵
