The Confederation of All India Traders (CAIT) on Wednesday alleged that quick commerce (qcom) platforms are violating several domestic laws in the country, including Foreign Direct Investment (FDI) norms, the Competition Act, and the Consumer Protection Act.
In a White Paper, the trade body claimed that the country's top three quick commerce platforms - Zomato-owned Blinkit, Swiggy Instamart, and Zepto - have received FDI funds of more than ₹54,000 crore.
This story is from the November 14, 2024 edition of Business Standard.
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This story is from the November 14, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Qcom firms flouting domestic laws: CAIT
Top 3 companies got ₹54K cr FDI but used only ₹1.3K cr lawfully
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