Sunday, July 21, 2024

Exclusive: Amazon in deals talks with Swiggy for quick commerce business Instamart: sources

Early talks on; US ecommerce biggie looking for a buyout or stake via pre-IPO placement. Discussions may face multiple roadblocks, said sources in the know. Legacy ecommerce players like Amazon and Flipkart scouting for quick commerce assets amid rising consumption on rapid delivery platforms like Zomato’s Blinkit, Zepto and Swiggy’s Instamart.

from Tech-Economic Times
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