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Amazon’s interest in Instamart comes after the Seattle-based e-commerce platform has been working on its quick commerce initiative for months.

ONDC undertakes 60,000 orders per day in the food domain with its total orders amounting to 400,000.

The service will be available in states such as Haryana, Punjab, Tamil Nadu, Goa, and Kerala.

This is the fifth liquidity event for Swiggy since 2018, and the third consecutive event after July 2022 and 2023, the company said in a statement.

Companies charge convenience fees to improve their unit economics. Unit economics refers to the price at which each good or service is sold and the total profitability earned from it.

Now customers have to pay Rs 6 per order, up from the previous Rs 5, marking a 20 per cent hike, as per several media reports.

Reports indicated that the markdown is typically related to the macro and micro economic conditions, and it would not reflect permanently on the status of the companies in question.

The new in-app payment service by Swiggy is being introduced through the UPI-Plugin in collaboration with Yes Bank and Juspay.

Given Prosus' significant shareholding in Swiggy, it is reportedly expected to be classified as a promoter, which will subject it to various restrictions on the timing and manner of selling its shares ...

Prosus, Swiggy's largest investor with a 33 percent stake, was also reportedly involved in the negotiations and was interested in selling part of its share.

Prosus stated that Swiggy's unit economics in quick commerce showed improvement due to increased basket sizes, a larger user base, and enhanced operational efficiency.

Handpicked has been relaunched into a new category under Instamart, the quick commerce vertical of Swiggy.