Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 63%

Quick Commerce News

Retail Distributors,Blinkit,All India Consumer Products Distributors Federati

India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's Blinkit, Swiggy and...

NEW DELHI - India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's Blinkit, Swiggy and Zepto - for alleged predatory pricing, a letter showed on Sunday.

Zomato's Blinkit, Zepto, and Swiggy, which runs the Instamart delivery service and is backed by SoftBank, did not respond to Reuters queries. "Implement protective measures for traditional distributors and small retailers to safeguard their interests," it urged the Competition Commission of India .Annual sales on Indian quick commerce platforms are set to exceed $6 billion this year, with Blinkit having a nearly 40% market share, while Swiggy and Zepto around 30% each, research firm Datum Intelligence said.

For all his on-set stories of The Godfather, the Oscar-winning actor’s account of his rise to fame is at its most compelling depicting his hardscrabble formative yearsA Clarence mother's 500-mile trek across New York State ended Saturday at Sunset Park. We first introduced you to Debbie Curtis earlier this month and her journey all in honor of her late son Brock.We've seen Tom Brady the GOAT NFL QB. We've seen him have the spotlight on him off the field.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global Money Is Chasing Indian Stocks Again as Bull Run Extends(Bloomberg) -- Overseas funds are piling money into Indian stocks, marking a strong return to the $5 trillion market after election-related uncertainty...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »