Amazon to invest $3 billion in India quick commerce

Amazon to invest $3 billion in India quick commerce

Amazon will invest $3 billion to expand its India quick commerce business by 2030, sources said, with $1 billion committed by 2027 and $2 billion more by 2030. The push adds neighbourhood warehouses and AI tools as Amazon, holding just 6.2% market share, chases rivals Blinkit, Swiggy and Zepto, which control 77% of the $19 billion sector.

Source: Reuters

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