The Economic Times Reported Earlier, Amazon India Has Approached Swiggy For A Potential Deal Involving Its Quick Commerce Business Under Instamart
Portfolio Pulse from charles@benzinga.com
Amazon India is in talks with Swiggy for a potential deal involving its quick commerce business under Instamart.
July 22, 2024 | 9:42 am
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POSITIVE IMPACT
Amazon India is in discussions with Swiggy for a potential deal involving its quick commerce business, Instamart. This could expand Amazon's footprint in the quick commerce sector.
The potential deal with Swiggy could significantly enhance Amazon's quick commerce capabilities in India, potentially leading to increased market share and revenue growth in this sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Amazon India's potential deal with Swiggy for Instamart could impact the Indian market, which is a significant component of the INDA ETF.
The deal could have a positive impact on the Indian market, which is a key component of the INDA ETF, potentially leading to a short-term uptick in the ETF's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50