5149: Amazon’s Quick Commerce Sprint, River EV’s $100 million round, and Cognizant Layoffs | Tech3
About this episode
This episode discusses Amazon's quick commerce strategy, River EV's funding, and potential layoffs at Cognizant due to AI impacts.
In this episode of Tech 3 by Moneycontrol, we break down how Amazon is accelerating its quick commerce push with Amazon Now as rivals like Blinkit and Zepto race ahead. We also dive into River EV’s expanded $100 million funding plans, shifting investor lineup, and what it means for India’s competitive EV two-wheeler market. And finally, a major shake-up in IT services — Cognizant could cut up to 15,000 jobs as AI and automation reshape hiring, signalling a deeper structural shift across the sector. Plus, a quick note on how Groww and PhonePe are gaining ground in the SIP market.
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