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Amazon’s rapid delivery push triggers $15 billion rout for eternal, swiggy
Aggressive expansion and discounting by global e-commerce giants are squeezing Blinkit and Swiggy, raising investor concerns over prolonged competition and weaker profitability.
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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.
