Exclusive | Amazon in deal talks with Swiggy for quick commerce business Instamart: sources

Amazon India has approached IPO-bound Swiggy for a potential deal involving its quick commerce business under Instamart, said three people aware of the matter. The development comes close on the heels of Swiggy confidentially filing draft documents with Sebi for Rs 10,414 crore ($1.25 billion) public offering, among the largest for a new-age internet firm.

“Amazon has swooped in with interest to either pick up a stake in the ongoing pre-IPO placement or a buyout proposal for Instamart… but there are multiple roadblocks at the moment,” said one of the persons cited above.