Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy‎

Amazon spent years circling India’s quick-commerce market without committing to it. Investors have now decided the circling is over, and they have repriced the incumbents accordingly. Shares in Eternal, the parent of grocery-delivery leader Blinkit, and in rival Swiggy have fallen sharply as Amazon accelerates its rapid-delivery business in the country. Eternal has slipped about […] This story continues at The Next Web