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CCI says Zomato, Swiggy in breach of antitrust laws in India
Exclusive-India Finds Zomato, Swiggy Food Delivery Businesses Breached Antitrust Laws, Documents Show
NEW DELHI (Reuters) - An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show.
Zomato, Swiggy possibly breached antitrust laws as per CCI investigation, reports Reuters
India's competition watchdog investigates Zomato and Swiggy for anti-competitive practices, including exclusivity agreements and price parity rules.
Zomato and Swiggy violated competition laws, favored select restaurants: Report
The Competition Commission of India (CCI) has found that food delivery giants Zomato and Swiggy to have violated competition laws, as per Reuters. The investigation found that the companies' business practices favored certain restaurants listed on their platforms.
India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
The antitrust investigation against Swiggy and its top rival Zomato began in 2022 after a complaint by National Restaurant Association of India about the impact on food outlets of alleged anti-competitive practices of the platforms.
CCI says Zomato, Swiggy in breach of antitrust laws in India: Report
Swiggy and Zomato are reportedly in breach of competition laws, favouring certain restaurants in the country, says a CCI report.
6h
on MSN
Swiggy’s IPO closes; CCI calls out Zomato, Swiggy for misconduct
Ola Electric financials ■ Trump's win boosts Starlink■ Musk claims X usage spikeSwiggy IPO oversubscribed as QIBs do ...
4h
CCI findings on food delivery firms hit Zomato share price, Swiggy IPO enters final day of bidding
The
IPO
, open in a price range of Rs 371 to Rs 390 until 5 pm today, is expected to give Swiggy a valuation of ...
8h
on MSN
Zomato and Swiggy found guilty by CCI for violating competition laws: Report
The investigation's outcomes have already impacted
Zomato
's stock, which dropped 3% following Reuters' coverage. This case ...
2d
on MSN
Swiggy IPO vs Zomato: Which is the better investment option currently?
Swiggy or Zomato. Zomato, currently profitable with a larger market share, has seen a stock surge. Analysts believe Swiggy, ...
Dunya News
1h
Swiggy's $1.4 bln IPO oversubscribed as investors bet on quick-commerce boom
India's benchmark Nifty 50 index (.NSEI), opens new tab has cooled 8% from the record highs it hit in late September, as ...
8d
on MSN
Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth
Swiggy, one of India's largest food delivery and quick-commerce startups, is seeking a valuation of up to $11.3 billion in ...
12h
Swiggy IPO subscribed 3.6x; over 90% bids from institutional investors
In comparison, Swiggy’s rival
Zomato
is currently valued at Rs 2.2 trillion.
Zomato
had launched a Rs 9,375-crore
IPO
...
10h
Swiggy Vs Zomato: How do their business models differ?
Swiggy’s recent IPO filing shows significant differences in its business model compared to competitor Zomato, despite both ...
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