Indian Retail Giant Demands Antitrust Scrutiny of Swiggy, Blinkit, Zepto
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Indian Retail Group Demands Antitrust Investigation into Quick Commerce Giants
The Indian Retail Group (IRG) has called for an antitrust investigation into leading quick commerce brands Swiggy, Blinkit, and Zepto. The group alleges that these companies are engaging in anti-competitive practices that harm traditional retailers.
According to the IRG, the quick commerce companies have been using predatory pricing and exclusive deals to gain market share. They also claim that these companies have been engaging in unfair competition by offering discounts and promotions that are not available to traditional retailers.
The IRG's concerns have been echoed by the Confederation of All India Traders (CAIT), which represents over 70 million traders in India. CAIT has also called for an antitrust investigation into the quick commerce companies.
The Competition Commission of India (CCI) is currently reviewing the IRG's complaint. If the CCI finds evidence of anti-competitive behavior, it could take action against the quick commerce companies.
The quick commerce companies have denied any wrongdoing. They argue that they are operating in a competitive market and that their practices are not anti-competitive.
The outcome of the CCI's investigation could have a significant impact on the Indian retail sector. If the quick commerce companies are found to be engaging in anti-competitive behavior, they could face fines and other penalties.
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