Amazon India Set To Roll Out Quick Commerce Service In 2025: Report

Author: Nivedita Hazra | August 28, 2024 06:32am

This story was originally published on the Benzinga India portal.

In a strategic move to strengthen its position in the rapidly growing quick commerce sector, Amazon's (NASDAQ:AMZN) India unit 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 Indian unit 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 Walmart-backed Flipkart's "Minutes" service.

If you want to keep up with all the latest stock market updates in India, sign up for the Benzinga India weekly newsletter.

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 seen 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, which 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: Tanishq Partners With London-Based De Beers To Boost India's Natural Diamond Market

Disclaimer: Artificial intelligence was used as a secondary aid in the writing of this story.

Posted In: AMZN