Amazon in Talks to Acquire Stake in Swiggy

- Amazon is negotiating to acquire a strategic stake in Swiggy, a leading food and grocery delivery company in India. - Discussions have been ongoing for weeks, but terms are not finalized and the deal may fall through. - Swiggy has also engaged with Amazon's rival, Flipkart, for a stake sale earlier this year. - Amazon's interest in Swiggy aligns with its strategy to enter the quick commerce and food delivery market in India. - Swiggy's IPO process is ongoing, and Amazon will need to act quickly to finalize the deal. Source: The Arc, Economic Times