Amazon pledges $35 billion for India by 2030, with a quick commerce push

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Amazon will step up investments in India to $35 billion by 2030 — an increase of about $20 billion from a previously stated commitment — as it ramps up 10-minute delivery and doubles down on other businesses, said Amit Agarwal, its senior vice-president for emerging markets. The company invested $40 billion in India in the 15 years to 2024, he said.

Agarwal told ET the Jeff Bezos-founded ecommerce and tech giant has registered strong traction in cities where the service has been launched, taking on Eternal-owned Blinkit, Swiggy’s Instamart and…



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Amazon pledges $35 billion for India by 2030, with a quick commerce push



Amazon will step up investments in India to $35 billion by 2030 — an increase of about $20 billion from a previously stated commitment — as it ramps up 10-minute delivery and doubles down on other businesses, said Amit Agarwal, its senior vice-president for emerging markets. The company invested $40 billion in India in the 15 years to 2024, he said.

Agarwal told ET the Jeff Bezos-founded ecommerce and tech giant has registered strong traction in cities where the service has been launched, taking on Eternal-owned Blinkit, Swiggy’s Instamart and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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