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Zomato entered into "exclusivity contracts" with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on its platform, according to non-public documents prepared by the Competition Commission of India (CCI).
Exclusivity arrangements between Swiggy, Zomato and their respective restaurant partners "prevent the market from becoming more competitive," the CCI's investigation arm noted in its findings reviewed by Reuters on Friday.
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.
Denne historien er fra November 09, 2024-utgaven av Mint Mumbai.
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Denne historien er fra November 09, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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India plans state-backed fleet to boost local shipbuilding
India is working on an ambitious plan to provide assured demand for ships built in the country from various state-owned entities and departments as it looks to incentivise investments in creating large shipbuilding facilities in the country.
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Why Lymphatic Drainage Massage Is Having a Moment
The wellness treatment, used by celebrities and athletes helps reduce water retention and accelerates recovery
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The U.S. economy depends more than ever on rich people
The top 10% of earners are splurging on everything from vacations to designer handbags
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Influencers mustn't get to flex artificial muscles
Amid selective outrage over the BeerBiceps fiasco, let's not forget the role of other interested parties in fostering wide disregard of truth and civility. Will the right lessons be learnt?
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Kim Kardashian's Skims label might just do it for brand Nike
With its new NikeSkims range, Nike could see the revival it needs
NHA offers more incentives to enrol hospitals in health scheme
NHA has made package rates more attractive, viable for private healthcare providers
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Fintechs launch CBDC wallets: Is RBI'S e-rupee set for greater adoption?
Nine months after the Reserve Bank of India announced (RBI) allowing non-bank payments players into central bank digital currency (CBDC) pilots, two private fintech firms, CRED and MobiKwik, have opened e-rupee wallets for their users in partnership with Yes Bank.
Indorama to pick up 24.9% stake in EPL for $220 mn
(IVE) will acquire a minority stake of about 24.9% in EPL Ltd, a global specialty packaging company and manufacturer of laminated tubes, from private equity firm Blackstone for $220 million.
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New tax bill: ITR filing, NRI status decoded
Under the current Income Tax Act, 1961 (ITA), one is required to file an income tax return under section 139 if their income exceeds basic exemption limit.
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Hopes high as India, UK restart FTA talks
No deadline set; quality of deal seen more important than speed