Amazon is in talks with Swiggy to buy its quick commerce business, Instamart, according to a report from the Economic Times. The discussions are still in the early stages, and no official offer has been made yet. The deal is complex and faces several challenges.
Sources say Amazon is interested in either buying a stake before Swiggy’s IPO or purchasing Instamart outright. However, Swiggy doesn’t want to sell just its quick commerce business, and Amazon doesn’t want to get into food delivery.
Additionally, Amazon usually doesn’t buy minority stakes, and the deal, valued at $10-12 billion, might be too costly for them.
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