22/7/2024, 9:46:03 am

Amazon in talks with Swiggy for buying Instamart business: Report

Amazon has expressed interest in acquiring Swiggy's Instamart, a quick commerce business, with a potential deal value of $10-12 billion. However, the complexities of the deal and Amazon's reluctance to take a minority stake may hinder the transaction. Swiggy is unlikely to sell only its quick commerce business, and Amazon is not interested in entering the food delivery space.