Tag: food delivery business

Amazon enters India's food delivery biz

Friday, February 28, 2020
Amazon is all set to start its food delivery business in India from Bengaluru next month, as per a Economic Times report. The launch of the service, which would be offered as part of either Amazon’s Prime Now or Amazon Fresh platform, may happen almost in a month. Amazon will have to compete with estabished players such as Zomato and Swiggy. This will be a joint venture between Infosys cofounder NR Narayana Murthy’s Catamaran Ventures and Amazon India.Amazon's entry in the food delivery business comes at a time when Zomato and Swiggy have started cutting back on discounts.Last month, Bezos told the audience at an Amazon event in New Delhi that the company plans to invest $1 billion in India.