25 Nov 2024
It plans to launch it by late December 2024 or early 2025.
Amazon is expediting its entry into the Indian quick commerce sector, worth almost $6 billion. Its fast delivery service called Tez, expected to be launched in the first quarter of 2025, is now slated to launch in the next two months.
Amazon Tez will prioritise groceries and daily essentials. The company is focusing on establishing dark stores, finalising stock-keeping units (SKUs) and creating logistics infrastructure for superfast deliveries. It may finalise the launch date during its review meeting ahead of the annual Smbhav event planned on December 9th and 10th.
This launch will mark Amazon’s global debut in this segment, making it the only e-commerce giant to venture into quick commerce.
Amazon has started fresh hiring for Tez. Flipkart launched Minutes before Diwali, and Tata’s BigBasket transitioned to a q-commerce model and recorded ₹900 crore in gross sales in October. Tata Digital also introduced Neu Flash.