Amazon and Flipkart face Blinkit, Zepto conundrum, and solving Telegram’s chaos
Either a lot has transpired in the past few days, or maybe I’m overthinking things (that’d be very much in line with my personality). I’d like to start our conversation this week with a simple question – are quick commerce players taking on the biggies, Amazon and Flipkart? You may context this with comments made a few days ago by Union Minister of Commerce and Industry Piyush Goyal in which he called out Amazon in particular for a number of reasons – predatory pricing to gain market space, hurting offline small retailers as a result (100 million is his estimate) and that the billions of dollars that Amazon has invested in India are “not coming in for any great service or investment to support the Indian economy” considering losses make up its foundation.