Amazon plans to invest $3 billion in Indian instant retail by 2030

According to two people familiar with the matter, US e-commerce giant Amazon (AMZN.US) plans to invest $3 billion by 2030 to expand its quick commerce business in India. This will be the company's largest investment in this sector to date. Previously, competitors had already gained an advantage through the popularization of "minute-level" delivery services. The two people directly familiar with the plan stated that Amazon intends to invest $1 billion in quick commerce by the end of 2027 and add a further $2 billion by 2030. The company stated that the annualized gross merchandise value of its quick commerce business has exceeded $1 billion over the past three months, "becoming the fastest-growing e-commerce business in Amazon India's history."