Can quick commerce leapfrog e-commerce in India?

Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban cities are embracing the convenience of having groceries delivered to their doorstep in just 10 minutes. The companies making those deliveries — Blinkit, Zepto and Swiggy’s Instamart […]

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Amazon buys Indian video streaming service MX Player

Amazon has agreed to acquire Indian video streaming service MX Player from the local media powerhouse Times Internet, the latest step by the e-commerce giant to make its services and brand popular in smaller cities and towns in the key overseas market.  The two firms reached a definitive agreement for the deal on Wednesday evening, […]

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Amazon gets FAA approval to expand US drone deliveries

Amazon has received approval from the U.S. Federal Aviation Administration (FAA) to fly its delivery drones longer distances, the company announced on Thursday. Amazon says it can now expand its Prime Air service, which uses delivery drones to fly individual packages, to more customers.  The FAA requires that operators maintain a line of sight to […]

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AWS CEO Adam Selipsky steps down

Adam Selipsky is stepping down from his role as CEO of AWS, Amazon PR has confirmed to TechCrunch.  In a memo shared internally by Amazon CEO Andy Jassy and published this morning to the company’s blog, Jassy said that AWS sales chief Matt Garman will be promoted to CEO. Garman previously headed AWS’ EC2 cloud […]

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Meesho, an Indian social commerce with 150M transacting users, secures $275M in new funding

Meesho, a leading e-commerce startup in India with about 150 million transacting users, has secured $275 million in a new funding round, it disclosed in a securities filing. The new funding is part of a larger financing round, which is likely to include secondary transactions and balloon to over $500 million, people familiar with the […]

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