Amazon's Strategic Leap: Potential Acquisition of Swiggy's Instamart to Revolutionise Quick Commerce
Kia ora Tiger traders!
🚀 Big news in the quick commerce world! Amazon is reportedly in talks with Swiggy to acquire its Instamart business. This move could shake up the fast delivery sector significantly. Let's dive into the numbers and see why this deal is making waves:
Swiggy's Key Facts
- Monthly Active Users: 16-17 million 🎉
- Operational Cities: 500+ across India 🌏
- Delivery Personnel: 375,000 🚴
- Restaurant Partners: 185,000 🍽️
- Revenue: ₹8,715 crore in FY23 (up from ₹6,119.80 crore in FY22) 📈
- Workforce: 4,654 employees as of March 2024 👩💼👨💼
Financial Snapshot
- Revenue: ₹8,715 Cr in FY23 💰
- EBITDA: -₹3,829 Cr (-43.90%) 📉
- PAT: -₹4,179 Cr (-47.96%) 📉
- 3-yr CAGR: 32.72% 📊
- Total Amount Raised: ₹24,861 Cr as of March 2024 💸
Why is this important?
Swiggy, a dominant force in India's food delivery market, has shown impressive growth despite significant losses. Its partnership with Amazon could bolster its quick commerce capabilities and expand its reach even further.
Fun Facts
- Swiggy started in 2013 and now operates in over 500 cities in India. 🌆
- It has major investors like Prosus, Softbank, and Accel India. 💼
- Swiggy has a dedicated fleet of approximately 375,000 delivery personnel, ensuring timely deliveries. 🚀
Market Impact
Swiggy's competitors, like Zomato, will need to watch out if this deal goes through. Amazon's entry could redefine quick commerce in India.
What to Watch
Keep an eye on Swiggy's IPO filing and the progress of the Amazon deal. This could be a game-changer for both companies and the industry as a whole.
Stay tuned for more updates and keep those trades sharp!
Happy trading ahead! Cheers, BC 🍀
@TigerStars @TigerGPT @MillionaireTiger @Tiger_comments @Tiger_Earnings @CaptainTiger @Daily_Discussion @TigerOptions
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Amazon.com (AMZN) - Company Profile
Stock Name: Amazon.com
Stock Code: AMZN
Basic Info:
Employee Number: 1,525,000
Address: 410 Terry Avenue North, Seattle, Washington, United States
Float Share Capital: 9.27 billion shares (as of July 22, 2024)
Split Info: 2022-06-06:1.0->20.0
Telephone: 206 266 1000
Established Year: 1994
Post Code: 98109-5210
Company Profile:Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices. In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions. The company serves consumers, sellers, developers, enterprises, and content creators. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.
Business Info:
Business Area: In Q1 2024, North America's revenue accounted for 60.25% of the total, International revenue accounted for 22.28%, and Amazon Web Services' revenue accounted for 17.47%.
Regional Operating Income: In Q1 2024, North America's operating income accounted for 60.25% of the total, International operating income accounted for 22.28%, and Amazon Web Services' operating income accounted for 17.47%.
Proportion of Business Revenue: In Q1 2024,
Regional Revenue Share: In Q1 2024, North America's revenue accounted for 60.25% of the total, International revenue accounted for 22.28%, and Amazon Web Services' revenue accounted for 17.47%.
Business Operating Income: In Q1 2024,
Currency Type: USD
Business Type: In Q1 2024,
Manager & Shareholder Info:
Shareholder Information:
Jeffrey P. Bezos: Number of shares - 928.03 million, Shareholding ratio - 8.92%
The Vanguard Group, Inc.: Number of shares - 785.81 million, Shareholding ratio - 7.55%
BlackRock, Inc.: Number of shares - 638.54 million, Shareholding ratio - 6.14%
State Street Global Advisors, Inc.: Number of shares - 351.61 million, Shareholding ratio - 3.38%
FMR LLC: Number of shares - 304.21 million, Shareholding ratio - 2.92%
Executive Information:
Brian T. Olsavsky: Senior Vice President, Chief Financial Officer
David A. Zapolsky: Senior Vice President, Global Public Policy, General Counsel
Andrew R. Jassy: President, CEO
Douglas J. Herrington: CEO Worldwide Amazon Stores
Jeffrey P. Bezos: Executive Chair
Director Information:
Jeffrey P. Bezos: Executive Chair
Andrew Y. Ng: Director
Brad D. Smith: Director
Daniel P. Huttenlocher: Director
Edith W. Cooper: Director
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Please note that the information provided is based on the latest available data and may be subject to change.