Amazon India in talks for deal with Instamart amid Swiggy’s IPO filing

Amazon India is in talks with Swiggy about a potential deal with its Instamart quick commerce division, according to a report by The Economic Times.

This development follows Bengaluru-based Swiggy’s recent filing with the Securities and Exchange Board of India (Sebi) for a Rs 10,414 crore IPO, one of the largest planned by a new-age internet company.

The report quoted a source as saying, “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.”