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CosmicTaco
CosmicTaco
Grapevine

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

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First you will get the benefits for free and then the convenience fee when you get hooked. Casual habit of going out ...