Amazon (AMZN) and Flipkart compete in India's 15-minute delivery market

AI Summary

India's quick commerce sector is expected to reach 40% of online retail sales by 2030. Amazon (AMZN) aims to establish the largest delivery-in-minutes network, and recently offered cash back of up to 25% for initial orders through its Amazon Now app. The company plans to expand services to over 300 cities in India. Flipkart, owned by Walmart, also enters the market with its Minutes service, featuring over 1,000 micro fulfillment centers across more than 130 cities, as both companies seek to adapt to changing consumer expectations.