CCI not to intervene in quick commerce market

The Competition Commission of India is unlikely to open an investigation of its own accord into allegations of anti-competitive practices by quick commerce companies including Zepto, Instamart and Blinkit, according to two persons privy to the development. Earlier, the All-India Consumer Products Distributors Federation had approached the department for promotion of industry and internal trade raising concerns about quick commerce firms, which was referred to CCI. Quick commerce faces scrutiny The rapidly expanding quick commerce market in India is projected to reach $6 billion in annual sales by 2024, up from just $100 million in 2020, as per Datum Intelligence, a research firm. AICPDF calls for CCI Action AICPDF said in response to Mint’s queries that the view that quick commerce market is inherently competitive and efficient requires a deeper exploration of the concerns that the trade body has consistently highlighted. "AICPDF firmly believes that while competition in the quick commerce sector benefits consumers, the current trajectory of these platforms threatens the existence of traditional retail.