Monday, 29 June, 2026
Amazon and Flipkart Crash India's 10-Minute Delivery Party
By TechShots Studio
The aggressive expansion of e-commerce giants Amazon and Flipkart into India’s $11 billion quick-commerce market has triggered a massive $15 billion stock rout for pioneers Eternal (Blinkit) and Swiggy (Instamart). Deep-pocketed rivals are rapidly building out "dark store" networks and slashing prices, severely depressing near-term industry profitability and overshadowing startup Zepto’s upcoming $1 billion IPO.
Read full story at CIO ECONOMIC TIMES