Eternal and Swiggy have pioneered India’s 10-minute delivery space, but rising competition is intensifying pressure. Blinkit and Instamart shares have fallen sharply amid concerns over Amazon and Flipkart expanding into rapid commerce through dark stores. The $11 billion segment is heating up further as Zepto prepares a $1 billion IPO to strengthen its expansion plans.
Amazon's rapid delivery entry has triggered a significant $15 billion rout for Indian pioneers Eternal and Swiggy, intensifying competition in the 10-minute delivery sector. Shares of Blinkit and Instamart have also fallen amid concerns over increased market pressure. This…
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