Amazon's Missteps in India's Quick-Commerce Market
- Amazon's decision to not enter India's quick-commerce market is proving costly as firms like Blinkit, Zepto, and Instamart thrive. - Quick-commerce in India is growing at over 125%, while traditional e-commerce growth lags at 11-12%. - Amazon's rival, Flipkart, has launched its own quick-commerce service, Flipkart Minutes, to capture urban market share. - Analysts suggest Amazon's focus has shifted to its cloud business, with $12.7 billion earmarked for AWS operations in India. - Regulatory challenges and strategic missteps have hindered Amazon's growth, allowing competitors to outpace the e-commerce giant. Source: [Techcrunch]()
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Indian Startups on
by Kendall Hyrum
Yubi
Why existing companies barely succeed at new things... Flipkart finally woke up to the Q Commerce opportunity 😮💨
The Indian e-commerce giant Flipkart is planning to enter the quick-commerce business, aimed at providing customers with the convenience of ...
https://techcrunch.com/2024/03/06/india-flipkart-readies-quick-commerce-play/
Indian Startups on
by Coy Carmden
Zomato
Things are not looking rosy at Flipkart. $5Bn loss in value in 2 years!
The valuation of the ecommerce firm declined to $35 Bn as of January 31, 2024, from $40 Bn in the financial year ended on January 31, 2022.
https://inc42.com/buzz/flipkart-valuation-declines-over-inr-41000-cr-in-two-years/
