Amazon's rapid delivery expansion triggers a $15 billion selloff for Eternal and Swiggy as competition intensifies in India.

Eternal and Swiggy have lost more than $15bn in market value as Amazon expands its ‘delivery in minutes’ network across India.

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…