Amazon to invest over $35 billion in India over next five years

The fresh capital deployment plans come at a time when Amazon is doubling down on 10-minute deliveries, from which it was among the most impacted in the online commerce space. In this segment, it competes with the likes of Eternal-owned Blinkit, Swiggy’s Instamart, Nexus Venture Partners-backed Zepto, Tata Digital’s BigBasket and Flipkart Minutes.