Flipkart explored a deal with Swiggy for a pie of quick commerce

Flipkart explored a potential stake purchase in Swiggy about eight to ten months ago as two of India’s largest consumer internet firms sought to ally amid disruption set off by the rise of quick commerce, investors aware of the matter said. Once the talks fizzled out due to a valuation mismatch, Swiggy filed a confidential draft application in April to list on the public markets, they added.