๐ Amazon invests big in India's fast delivery scene
Amazon is reportedly placing a massive $3 billion bet on the accelerating fast-delivery boom happening in India. This significant investment is being directed towards expanding logistics and fulfillment capabilities across the country. The funding commitment was reportedly made in late 2023, targeting rapid scaling of their delivery network. This move comes as e-commerce competition intensifies across the Indian market landscape. Sources suggest Amazon plans to significantly upgrade its last-mile delivery infrastructure in the coming year.