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The Latest Breaking News from Samir Kumar

Amazon CEO Andy Jassy visits India; to meet PM Modi on Thursday

The visit comes as Amazon sharpens its focus on quick commerce in the country. The company announced that it is expanding its 10-minute delivery service, Amazon Now, to 300 cities. Currently, Amazon Now has about 500 dark stores across 15 metro and non-metro cities, including Bengaluru, Delhi-NCR, Mumbai, Pune, Hyderabad,…

The Economic Times

In most aggressive phase of India expansion; here for long-term market wins: Amazon India head

In most aggressive phase of India expansion; here for long-term market wins: Amazon India head

Amazon is in its most aggressive expansion phase in India, with plans to invest $35 billion by 2030 on top of the $40 billion already committed, India head Samir Kumar said. The company is ramping up investments in e-commerce, AI, exports and quick commerce through Amazon Now, while targeting 100…

The Economic Times

Amazon India head on qcomm; senior exit at Z47

Amazon India head on qcomm; senior exit at Z47

Happy Monday! Amazon India’s Samir Kumar said the company is gunning for the top spot in the country’s quick commerce market. This and more in today’s ETtech Morning Dispatch.

The Economic Times

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Here to win quick commerce, will become market leader in near-term: Samir Kumar, Amazon India chief

Amazon is planning to aggressively expand its 10-minute delivery service, Amazon Now, aiming for market leadership despite moderating quick commerce growth. The ecommerce giant plans to launch in over 100 cities with 1,000 dark stores, emphasising customer experience, wide selection, and speed to compete with rivals like Blinkit and Zepto.

The Economic Times

Can a startup be worth a trillion dollars?

Term Sheet asked: Will we ever see trillion-dollar startups? And what should we call them?

Exclusive: Touring Capital, founded by ex-M12 and SoftBank investors, closes $330 million first fund

Founded in 2023, Touring Capital has now closed its first fund at $330 million, Fortune has exclusively learned.

Why ‘AI copilot’ startups are so hot with VCs right now

While foundation model companies like OpenAI have drawn the most attention, niche startups using AI to assist human jobs have been gaining traction.

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3 investors from Microsoft’s corporate VC arm M12 are striking out on their own with a new AI-focused firm

3 investors from Microsoft’s corporate VC arm M12 are striking out on their own with a new AI-focused firm

The ex-M12 investors are building a new VC firm focused on software companies using AI—and they’re eyeing Europe and India.

In ‘violation of rules’, Hindusthan Samachar ex-CEO stays Prasar Bharati news agency chief

In ‘violation of rules’, Hindusthan Samachar ex-CEO stays Prasar Bharati news agency chief

The first chief of Prasar Bharati News Services﹘the news agency of India’s public broadcaster﹘was appointed despite holding positions in private companies in alleged violation of service guidelines, Newslaundry has learnt. Samir Kumar continues to be the PBNS director though a complaint was made to Prasar Bharati about his association with…

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