Shares of Eternal Ltd. and Swiggy Ltd. have been hit in a combined $15 billion rout as Amazon.com Inc. and Walmart Inc.’s Flipkart push deeper into rapid delivery in India, according to Bloomberg.
Eternal and Swiggy helped popularize 10-minute delivery in the country, but investors are reassessing their prospects as the larger e-commerce rivals move to compete in the segment.
Amazon Rapid Delivery Push Sparks $15 Billion Rout in Eternal, Swiggy
2026-06-29 06:15:53
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