Amazon to invest $3bn in Indian quick commerce by 2030, Reuters reports
News Source : The Next Web
News Summary
- Amazon will spend $3bn to grow its quick-commerce business in India by 2030.
- Quick commerce is the term for app orders that reach shoppers within minutes.
- Most of it will pay for new small neighbourhood warehouses for Amazon Now, the service inside the main Amazon app that handles these deliveries.
- The rest of the money will go on inventory software, AI tools that predict demand, and a wider range of products.
- Amazon declined to comment on the figures.
- It did say, however, that itsquick-commerce arm had passed $1bn in annualised gross sales in the last three months.
Amazon will spend $3bn to grow its quickcommerce business in India by 2030, Reuters reported on Thursday, citing two people who know the plans directly.
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