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Amazon, Flipkart dark-store blitz wipes $15B off Eternal and Swiggy

Amazon and Flipkart's aggressive quick-commerce expansion via dark stores has wiped over $15 billion off Eternal (Blinkit) and Swiggy, intensifying competition. Zepto plans a $1 billion IPO while Reliance pushes JioMart, signaling a prolonged landgrab spreading into Tier 2/3 towns.

Reported figures

From the report. Source details below

  • Flipkart 1,000 dark stores
  • Blinkit 2,243 dark stores

Other figures

  • Eternal -28%
  • Swiggy -47%
  • $11 billion segment
  • Amazon 300+ cities

The source

Source Read the source at Business Standard

Published

Also reported by The Hindu BusinessLine

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Note Information, not investment advice. RetailIntel is not registered with SEBI.