Amazon’s Bold Move into the Quick Commerce Market
Amazon India is gearing up to enter the rapidly growing quick commerce industry with a new delivery service, codenamed Tez. This service is expected to rival established players like Zepto, Blinkit, Swiggy Instamart, and Flipkart Minutes, marking a significant shift for the e-commerce giant.
According to a recent report from Reuters, Amazon plans…
Nomura Holdings Inc. and Mizuho Financial Group Inc. are emerging as the top bidders for a majority stake in Avendus Capital Pvt., one of India’s largest investment banks. This stake, currently held by KKR & Co., represents 63% of Avendus and is valued at a minimum of $400 million.
Sources indicate that both Japanese firms have submitted the highest preliminary bids, while several other…
Global private equity firm Carlyle is set to invest $400 million in India’s auto component market, focusing on the growing domestic demand and potential for export. The firm aims to establish a platform to acquire and merge mid-sized manufacturers specializing in precision machining and components for electric vehicles (EVs).
According to reports, Carlyle plans to acquire at least two…
In a significant leadership change, Samir Kumar has been named the new country manager for Amazon India, following the decision of the current manager, Manish Tiwary, to pursue opportunities outside the company. This transition will officially take place on October 1, 2024.
A Veteran at Amazon
Samir Kumar has been with Amazon since 1999 and played a pivotal role in launching Amazon.in in 2013. His…
Temasek Holdings Pte is nearing a deal to acquire a substantial minority stake in VFS Global, valuing the visa outsourcing and technology services company at approximately $7 billion, including debt. The Singapore state-owned investor is expected to purchase about 20% of VFS Global, which is currently controlled by US alternative asset manager Blackstone Inc. The deal, which could be announced as…
