In a significant move, Amazon has fully exited its investment in Shoppers Stop, one of India’s most well-known retail chains. The global e-commerce giant has sold its 4% stake in the company for approximately Rs 276 crore, marking the end of a five-year-long partnership. This move highlights the changing dynamics of India’s retail market and raises questions about Amazon’s future strategies…
Amazon India is preparing to launch its highly anticipated quick commerce service, codenamed Tez, which will focus on fast deliveries of groceries and daily essentials. The company plans to roll out the service by late December or early next year, marking Amazon’s first-ever entry into the quick commerce space globally.
This move comes at a time when quick commerce, the fast-growing segment of…
E-commerce goliath Amazon has been strengthening its hold on the grocery, food and FMCG verticals through a blend of Amazon Pantry, Amazon Fresh and Amazon Retail in India. While Pantry and Fresh are consumer-confronting verticals featured on its Indian marketplace, Amazon Retail satisfies demands generated by the two.
Amazon Retail, which had started operations in FY19 with a food and beverage…
