Amazon in Talks to Acquire Stake in Swiggy

• Amazon is negotiating to acquire a strategic stake in Swiggy, a leading food and grocery delivery company in India.
• Discussions have been ongoing for weeks, but terms are not finalized and the deal may fall through.
• Swiggy has also engaged with Amazon's rival, Flipkart, for a stake sale earlier this year.
• Amazon's interest in Swiggy aligns with its strategy to enter the quick commerce and food delivery market in India.
• Swiggy's IPO process is ongoing, and Amazon will need to act quickly to finalize the deal.

Source: The Arc, Economic Times