Amazon to invest $35B in India; Swiggy raises ₹10,000cr
Big moves in India's tech scene: Amazon is putting $35 billion into the country by 2030, focusing on AI, exports, and job creation.
Meanwhile, Swiggy just raised ₹10,000 crore to fuel its next phase of growth.
Amazon bets big on quick commerce and AI
Amazon plans to open 300 dark stores for speedy 10-minute deliveries and is leveraging Prime membership to keep shoppers coming back.
The investment also supports growth in areas like AWS, healthcare, and streaming—despite recent layoffs affecting about 1,000 jobs in India.
Amazon says it's all-in on using AI for smarter business and more opportunities.
Swiggy's cash boost aims at Instamart expansion
Swiggy's fundraising was a hit—its QIP was oversubscribed 4.5 times by major investors like SBI Mutual Fund and Temasek.
With extra cash from selling its Rapido stake, Swiggy now has nearly ₹17,000 crore in reserves.
Around ₹4,475 crore will go into expanding Instamart's network of dark stores as competition heats up in quick commerce.