Amazon plans ₹3.14 lakh crore investment in quick-commerce
after close1 source ↓written by the desknot a recommendation
- USD 35 billion
- ₹3.14 lakh crore
- for groceries
- 10-minute delivery
- for completion
- 2030
Amazon is set to invest ₹3.14 lakh crore (USD 35 billion) in India, focusing on 10-minute delivery for groceries and essentials. This move intensifies competition with existing players like Zomato’s Blinkit and Swiggy’s Instamart. The investment, which was increased from an initial USD 20 billion, aims for completion by 2030.
Not investment advice. For informational purposes only.