Amazon India is talking with Swiggy about possibly buying or investing in Swiggy’s quick delivery service called Instamart. This news comes right after Swiggy announced it plans to raise around $1.25 billion through an IPO (initial public offering), which is a big deal for a tech company.
Amazon is interested in either buying a part of Swiggy’s business before the IPO or buying Instamart completely. However, there are some issues that might make this deal difficult. Right now, there isn’t a formal offer from Amazon, and they need to act quickly if they want to move forward.
There’s a chance these talks might not lead to a deal because Swiggy might not want to sell just its quick delivery service, and Amazon might not be interested in buying Swiggy’s food delivery service, which isn’t growing as fast anymore.
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