Amazon, Flipkart Push Wipes $15 Billion Off India's Quick-Commerce Leaders

Industry Impact 4
โดย GuruFocus·Read original
Summary · why it matters

Amazon and Walmart-owned Flipkart are intensifying their push into India's quick-commerce market, erasing more than $15 billion in combined market value from incumbents Eternal and Swiggy. Eternal shares have fallen 28% from their October peak, while Swiggy has declined about 47% from its September high. Amazon plans to expand its Amazon Now service from more than 15 cities to over 300, and Flipkart Minutes has reached 1,000 dark stores across 130 cities, targeting 1,500 stores in more than 180 cities. Reliance Retail is also strengthening JioMart's quick-commerce operations through its network of over 3,100 stores serving more than 1,200 cities. Analysts at Macquarie downgraded Swiggy to Underperform and warned that competitive intensity could last years, not quarters, while Zepto's unlisted shares have dropped more than 32% since February ahead of a potential IPO.

Impact on stocks 2

Artificial Intelligence▲ · 1 stocks
Amazon.com Inc
AMZN
▲ PositiveCompetitionrelevance

Amazon is expanding its quick-commerce service Amazon Now from 15+ cities to over 300, directly competing with incumbents.

Consumer Staples▲ · 1 stocks
Walmart Inc.
WMT
▲ PositiveCompetitionrelevance

Walmart-owned Flipkart is aggressively expanding its quick-commerce service Flipkart Minutes, gaining market share.

Off-coverage companies 5

Eternal LimitedPrivate▼ Negative
Competitionrelevance

Eternal shares fell 28% from peak as Amazon and Flipkart intensify quick-commerce push, eroding its market value.

Swiggy Ltd.Private▼ Negative
Competitionrelevance

Amazon and Flipkart are aggressively expanding quick-commerce, eroding Swiggy's market value and prompting analyst downgrades.

Zepto Ltd.Private▼ Negative
Competitionrelevance

Amazon and Flipkart's quick-commerce push has caused Zepto's unlisted shares to drop over 32% since February.

FlipkartPrivate▲ Positive
Competitionrelevance

Flipkart Minutes has reached 1,000 dark stores across 130 cities, targeting 1,500 stores, gaining on incumbents.

JioMartPrivate▲ Positive
Competitionrelevance

Reliance Retail is strengthening JioMart's quick-commerce operations through its network of over 3,100 stores.

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