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Expansion▼ Bearish for Amazon
Amazon plans $3 billion investment in India quick commerce by 2030
The brief
- Amazon plans to invest $3 billion in quick commerce by 2030
- Amazon currently has a 6.2% market share, Mint reported
- More competition in quick commerce could pressure Eternal’s Blinkit and Swiggy’s growth and margins
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- Rapido expands Ownly food delivery service to Hyderabad
- Nomura initiates Meesho at Reduce, sees 28% downside to ₹167
Amazon's quick-commerce expansion in India
Amazon plans to invest $3 billion in its Indian quick-commerce business by 2030, expanding its stores and product selection. The reports identify Blinkit in connection with the plan.
Sunday, 27 September
Thursday, 24 September
- Amazon plans $3 billion investment in India quick commerce by 2030