Amazon India Set To Roll Out Quick Commerce Service In 2025: Report
byNivedita HazraBenzinga Staff Writer
August 28, 2024 2:04 PM
2 min read
LinkedIn
Share on WhatsApp
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

In a strategic move to strengthen its position in the rapidly growing quick commerce sector, Amazon India is gearing up to launch its quick commerce service in 2025.

What Happened: Amazon India is poised to introduce its quick commerce service next year, according to a report by The Economic Times. The service, which guarantees delivery in less than an hour, is set to debut in select cities before a nationwide rollout.

The U.S. retailer's local division has assigned the task of developing its quick commerce strategy to a senior executive as part of a leadership restructuring, targeting the rapidly growing sector recently entered by rival Flipkart with its “Minutes” service.

See Also: Premier Energies IPO Day 2 Subscription At 3 37 Times, GMP Down

Nishant Sardana, previously responsible for the PC, audio, camera and large appliances business at Amazon India, has been reportedly appointed to lead the quick commerce initiative. 

This move by Amazon India is expected to escalate competition in the quick commerce sector, which has been experiencing a surge in growth in the country. The launch of this service is a crucial step for Amazon in its bid to compete with local competitors such as Zomato’s Blinkit and BigBasket’s BB Now, who have already established a presence in the quick commerce sector.

This development, however, coincides with ongoing discussions between Amazon and Swiggy regarding a potential stake acquisition, particularly in Swiggy’s quick service platform, Instamart, according to the report.

Read Next: Brokerages Mixed After Zee Entertainment Ends 3-Year Merger Impasse With Sony India


Engineered by Benzinga Neuro, Edited by Nivedita Hazra


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
Posted In: EquitiesNewsMarketsTechAmazon IndiaBigBasketFlipkart MinutesSwiggyZomato