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Exclusive: Amazon in deals talks with Swiggy for Instamart
Early talks on; US ecommerce biggie looking for a buyout or stake via pre-IPO placement. Discussions may face multiple roadblocks, said sources in the know. Legacy ecommerce players like Amazon and Flipkart scouting for quick commerce assets amid rising consumption on rapid delivery platforms like Zomato’s Blinkit, Zepto and Swiggy’s Instamart.
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Happy Monday! Amazon wants to catch up in the quick commerce race. We have a Monday AM scoop on the latest from the US ecommerce major in today's ETtech Morning Dispatch.
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories we covered this week. Here’s a quick recap.
A Microsoft outage brought banks, airlines and IT offices across much of the world to a halt earlier today. This and more on today’s ETtech Top 5.
SLIDESHOWS
Meet the Covid entrepreneurs who shot to fame
High attrition & variable pay: A spoilsport for IT firms
Zuckerberg eyes metaverse, AI in Reels, and business messaging to drive growth
AI, Cloud, and Augmented Reality: Sundar Pichai’s bets for future
Squid Game: 132 million accounts and counting
India leading country of origin for immigrant-founded US startups
Zomato shares hit record low. Read what brokerages have to say
Tech Bytes
Meta content moderation vendors hit by global cyber outage
The social media giant experienced a SEV1 as a result of the disruptions, a source familiar with the matter told Reuters, using Meta's term for a "code red"-style alert involving high-stakes problems with its systems that require urgent attention.
Australia warns of malicious websites after cyber outage
ASD issued a warning following CrowdStrike's global outage on Friday, affecting banks, airlines. Commonwealth Bank faced transfer issues, Qantas and Sydney airport had delays. Prime Minister Albanese assured no critical damage. Cyber Security Minister Clare O'Neil warned of scams. ASD advised using official CrowdStrike channels. CrowdStrike, valued at $83 billion, has 30,000 subscribers.
CrowdStrike: All you need to know about cybersecurity giant behind global IT outage
CrowdStrike, the cybersecurity company behind a massive global IT outage, is the leader in its sector, known for building software defenses for the cloud computing age and exposing Russian and North Korean threats. But cloud computing giants Microsoft, Amazon and Google provide their own cybersecurity software and are also rivals.
Tech Videos
- Musk vs Newsom over new gender identity law; Billionaire to shift X, SpaceX HQs from California
- Introducing 'Eye on AI': The Economic Times' brand new page on Artificial Intelligence
- Surge in cybercrime raises alarm in Gujarat; Police appeal people to stay aware
- UP's Kashi Vishwanath Temple introduces virtual reality Darshan for devotees
