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Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy — Blankdot

thenextweb.com1 month ago

Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy

Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy

Amazon spent years circling India’s quick-commerce market without committing to it. Investors have now decided the circling is over, and they have repriced the incumbents accordingly. Shares in Eternal, the parent of grocery-delivery leader Blinkit, and in rival Swiggy have fallen sharply as Amazon…

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