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Chronicles

The story behind the story

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Sources: Amazon to launch a food delivery service in India in March, charging restaurants commissions of 10-15%, about half of what Swiggy and Zomato charge

The food delivery platform is open to own employees for now, pilots underway across five high-density pin codes in Bengaluru

The Economic Times Aditi Shrivastava

Context & Ripple Effects

Amazon's Bengaluru pilot is the second act of a plan it has been building for a while: reporting from mid-2019 already had Amazon preparing an India food delivery launch with local partner Catamaran and hiring for it. The March timing lands in a market under strain — an FT analysis earlier this year described continued cash-burn pushing Swiggy and Zomato to explore business lines beyond delivery.

The wedge is price: commissions of 10-15% run at roughly half the take rate Swiggy and Zomato charge restaurants, and Amazon can absorb losses from its balance sheet in a way the two leaders, still burning cash, cannot easily match.

First-order effects

  • Restaurants in the five pilot pin codes gain a delivery channel at half the prevailing commission cost, and Swiggy and Zomato face direct take-rate pressure in their highest-density Bengaluru turf.

Second-order effects

Third-order effects

  • If sub-15% commissions prove sustainable for a deep-pocketed entrant, Indian food delivery structurally reprices toward thinner take rates, pushing platform economics toward adjacent categories — quick commerce, where the market is projected to reach $15B by March 2029 — rather than restaurant commissions alone.

The trend: India's food delivery market is repricing around take-rate competition from balance-sheet-backed entrants, forcing incumbents to diversify into quick commerce to escape the commission war.

Discussion

  • @glenngabe Glenn Gabe on x
    Disrupting a niche again. “You can be last in a market and still win” -> Amazon to launch a food delivery service in India in March, charging restaurants commissions of 10-15%, about half of what Swiggy and Zomato charge https://tech.economictimes.indiatimes.c om/ ... https://twi…
  • @samidhas Samidha Sharma on x
    🆕 As Amazon India starts piloting its food delivery service in Bangalore, we take a look at how the tech major will plans to fight with Swiggy and Zomato, in a highly competitive segment which has poor unit economics, ⁦@AditiS90⁩ writes ⬇️ https://tech.economictimes.indiatimes.c …
  • @aditis90 Aditi Shrivastava on x
    Globally there is no player that has made a profit on food delivery including India's @swiggy_in and @ZomatoIN In such a market it looks like @amazonIN's move to enter food delivery is part of a larger plan to build a comprehensive fast delivery portfolio for its top customers ht…