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

Q: How long will it take to read this news story?

The story "Amazon India in talks for deal with Instamart amid Swiggy&#039;s IPO filing" has 404 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Amazon India in talks for deal with Instamart amid Swiggy&#039;s IPO filing" was covered 9 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 280 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21720819</li><li>URL: https://beamstart.com/news/amazon-india-in-talks-for-17216260683707</li></ul>

Business Standard Logo Business Standard 9h ago

Amazon India in talks for deal with Instamart amid Swiggy's IPO filing - Business Standard

Quick Summary:

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.

Swiggy is expected to set its price significantly lower than its main competitor, Zomato, which had a market capitalisation of Rs 1.9 trillion, as of Friday’s close on the BSE.

Additionally, Swiggy recently revealed a $65 million buyback of employee stock options, providing liquidity to its staff, the report said.