Amazon India is in talks to buy this Blinkit rival
Shortpedia
Content Team
Image Credit: newsbytes
Amazon is reportedly in talks with food delivery giant Swiggy for a potential deal involving its quick commerce business, Instamart. This development comes as Swiggy confidentially filed draft documents with the Securities and Exchange Board of India (SEBI) for a $1.25 billion public offering. According to the Economic Times, "Amazon has shown interest in either acquiring a stake during the ongoing pre-IPO placement or proposing a buyout for Instamart." However, no official offer has been made yet.
