Here’s What Amazon.com Inc (AMZN) Is Doing in India Lately

Amazon.com Inc (NASDAQ:AMZN) is one of Peconic Partners’ top stock picks. The William Harnisch-led hedge fund increased its position in Amazon stock by 214% in Q1 2026. Some 353 hedge funds back Amazon stock, and analysts see a more than 37% upside potential in the stock from the current price.

Here’s What Amazon.com Inc (AMZN) Is Doing in India Lately

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On June 29, Bloomberg reported that Amazon.com Inc (NASDAQ:AMZN) is making an aggressive push into India’s booming rapid delivery market. This market is estimated to be worth around $11 billion.

Amazon is leveraging its network of last-mile warehouses to push deeper into smaller cities. The company’s ultra-fast delivery service, called Amazon Now, launched in India last year and has reached roughly 15 cities and towns. The company plans to expand the service to more than 300 cities and towns.

Although Amazon had a delayed entry into India’s rapid delivery scene, experts see it taking market share from the incumbents, according to the report. The experts cite Amazon’s deep pockets, rapid store expansion, and aggressive discounts as advantages in the rapid delivery race. Amazon also plans to invest $13 billion to expand its AI and cloud computing capabilities in India.

Jeff Bezos-founded Amazon.com Inc (NASDAQ:AMZN) is a multinational technology company with diversified operations. It operates a global e-commerce platform and provides cloud computing, online advertising, and digital media services.

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