Flipkart Explores Stake in Swiggy to Enter Quick-Commerce Market: According to reports

Flipkart explored acquiring a stake in Swiggy to enter the quick-commerce market, as reported by The Economic Times. The discussions, involving Prosus, Swiggy's 33% stakeholder, aimed for Flipkart to secure a majority stake in Swiggy. However, talks fell through due to disagreements over Swiggy's valuation. After the negotiations ended, Swiggy filed for an IPO, planning to raise $1.25 billion.

Swiggy denied any talks with Flipkart. As competition in quick-commerce intensifies, with Swiggy’s Instamart competing against Zomato’s Blinkit and Zepto, Flipkart is set to launch its own quick-commerce service soon. Flipkart also reportedly held talks with Zepto, but these discussions did not progress.