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Amazon’s rapid delivery push triggers $15 billion rout for Eternal, Swiggy
Eternal and Swiggy have pioneered Indias 10-minute delivery space, but rising competition is intensifying pressure. Blinkit and Instamart shares have fallen sharply amid concerns over Amazon and Flipkart expanding into rapid commerce through dark stores. The $11 billion segment is heating up further as Zepto prepares a $1 billion IPO to strengthen its expansion plans.
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economictimes.indiatimes.com
Amazon, Flipkart spark quick commerce price war as Blinkit, Instamart hold the line - The Economic Times
India’s quick-commerce market is back in a discounting spiral. Amazon and Flipkart are turning up the heat, but incumbents Blinkit and Swiggy Instamart are largely refusing to…
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thenextweb.com
Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy
Eternal and Swiggy have lost more than $15bn in market value as Amazon expands its ‘delivery in minutes’ network across India.
