Amazon bets on short-term lending to up quick-commerce play

Amazon India is betting on a short-term lending model to fuel the growth of its quick-commerce brand, Amazon Now, without burning cash like many of its competitors in the segment, multiple executives aware of Amazon’s plans told Fe.

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“Unlike traditional quick service players in India, Amazon is not looking to spend a lot of money to create inventory/stock at its dark stores; instead, Amazon is planning to offer short-term working capital loans to sellers to manage inventory for the company,” a senior executive from Amazon India said.