NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Amazon India is in talks to buy this Blinkit rival
    Summarize
    Next Article
    Amazon India is in talks to buy this Blinkit rival
    The potential deal between Amazon and Swiggy faces several roadblocks

    Amazon India is in talks to buy this Blinkit rival

    By Mudit Dube
    Jul 22, 2024
    09:54 am

    What's the story

    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.

    Deal challenges

    Roadblocks and complications in Amazon-Swiggy deal

    The potential deal between Amazon and Swiggy faces several roadblocks, according to the report, which cites anonymous sources.

    Swift action from Amazon's headquarters in Seattle is required for discussions to advance.

    The source also indicated that early talks may not result in a transaction due to the deal's complicated structure.

    "Swiggy is unlikely to sell only its quick commerce business, and Amazon isn't interested in the food delivery market where growth is slowing," the ET source said.

    Market dynamics

    Amazon's quick commerce initiative and Swiggy's valuation

    Acquiring the entire company would be too costly for Amazon, given Swiggy's $10-12 billion valuation.

    The report also noted that Amazon typically doesn't take minority stakes.

    Swiggy is expected to price itself at a substantial discount to rival Zomato, which has a market cap of ₹1.9 lakh crore ($25.6 billion).

    Amazon's interest in Instamart aligns with its efforts to develop a quick commerce initiative in India.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Amazon
    Seattle
    Securities and Exchange Board of India
    Swiggy

    Latest

    Wait gets longer: 'Devil Wears Prada' sequel arrives in 2026 Anne Hathaway
    Who's replacing Deepika Padukone in Prabhas's 'Spirit'? Deepika Padukone
    AI gone rogue? New model blackmails engineers to avoid shutdown Anthropic
    Pakistan refused IndiGo pilot's request to use airspace during turbulence  Amritsar

    Amazon

    NVIDIA outshines Amazon and Tesla with $2.5 trillion market cap NVIDIA
    Google announces $350 million investment in e-commerce platform Flipkart Google
    Boat launches Airdopes 311 Pro earbuds in India at ₹1,000 Flipkart
    Realme launches Narzo N65 5G smartphone in India: Check features Realme

    Seattle

    Starbucks working to overcome the 'basic' image Starbucks
    Study finds Uber and Lyft guilty of racial discrimination TechCrunch
    Seattle Mayor Ed Murray resigns over child sex-abuse allegations World
    How is this bot taking on Seattle's sex trade? Technology

    Securities and Exchange Board of India

    RBI approves LIC's acquisition of 9.99% stake in HDFC Bank Life Insurance Corporation of India
    India's FII outflows hit record high this January: Here's why Stock Market
    Why foreign funds are opposing SEBI's instant settlement plan Stock Market
    With boom in IPOs, SEBI intensifies scrutiny of corporate documents  Stock Market

    Swiggy

    Urban Company best for gig workers; Ola, Uber score zero Ola
    Swiggy agent dies in accident, body dragged for 1 km Accidents
    Swiggy fires 380 employees amid 'challenging economic conditions' Startups
    Zomato CEO posts 800+ vacancies: 24x7 job, no work-life balance Zomato
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025