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Amazon eyes Swiggy's Instamart amid IPO plans
short by / on Monday, 22 July, 2024
Amazon eyes Swiggy's Instamart for potential acquisition amid Swiggy's ₹10,414 crore IPO plan. Amazon considers stake purchase or buyout, but hurdles remain. Swiggy aims to IPO at a discount, contrasting Zomato's ₹1.9 lakh crore market cap. Amazon seeks to bolster its quick commerce presence in India through Instamart.
read more at News Karnataka