CCI Orders Probe Against Zomato And Swiggy For Alleged Unfair Business Practices
2 years, 8 months ago

CCI Orders Probe Against Zomato And Swiggy For Alleged Unfair Business Practices

News 18  

New Delhi: Competition Commission on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurant partners. Besides, the anti-trust regulator said the price parity clauses mentioned in the agreements of Zomato and Swiggy appear to indicate wide restrictions where the RPs are not allowed to maintain lower prices or higher discounts on any of their own supply channel or on any other aggregator, so that the minimum price or maximum discounts can be maintained by the platform. "Given that Zomato and Swiggy are the two biggest platforms present in the food delivery segment, their respective agreements with RPs of this nature are likely to have an AAEC on the market by way of creating entry barriers for new platforms, without accruing any benefits to the consumers," CCI said in a 32-page order. WATCH VIDEO: Oppo Find X5 Pro Quick Look: The Power-packed Oppo Flagship Smartphone That India May Miss AAEC refers to Appreciable Adverse Effect on Competition.. Read all the Latest Tech News and Breaking News here

Price Platforms Zomato Pro Swiggy Cci Rps  alleged  rps  business  probe  competition  india  commission  pro  platforms  unfair  zomato  orders  restaurant  practices  cci  swiggy  price

History of this topic

Zomato, Swiggy rebuffs CCI antitrust violation charges, says report ‘misleading, …no conclusive’
1 month, 1 week ago

Zomato, Swiggy rebuffs CCI antitrust violation charges, says report ‘misleading, …no conclusive’

Live Mint  

Zomato has dismissed recent reports of an antitrust investigation by the Competition Commission of India into its business practices, calling the claims “misleading.” In a statement issued on November 10, Zomato clarified that while the CCI had initiated a preliminary investigation in April 2022, no conclusive findings or orders have been issued against it. Zomato’s Company Secretary and Compliance Officer, …

Zomato launches new feature to tackle food waste due to cancelled orders
Trending News
1 month, 1 week ago

Zomato launches new feature to tackle food waste due to cancelled orders

Hindustan Times  

Food delivery firm Zomato on Sunday launched a new “food rescue” feature to tackle with food waste arising out of cancelled orders. Now, customers living near restaurants will be able to purchase cancelled food orders at “unbeatable prices”, announced the company's CEO Deepinder Goyal. The CEO said that customers cancel more than 4 lakh “perfectly good orders” on a daily …

CCI probe finds Zomato, Swiggy violating competition norms
Trending News
1 month, 2 weeks ago

CCI probe finds Zomato, Swiggy violating competition norms

New Indian Express  

NEW DELHI: A Competition Commission probe has found that food delivery platforms Zomato and Swiggy indulged in unfair business practices, including alleged preferential treatment to some restaurant partners, according to sources. The detailed investigation was ordered by the Competition Commission of India in April 2022 and the probe report was submitted to the regulator earlier this year. The sources said …

CCI says Zomato, Swiggy in breach of antitrust laws in India: Report
1 month, 2 weeks ago

CCI says Zomato, Swiggy in breach of antitrust laws in India: Report

Hindustan Times  

The Competition Commission of India said in its non-public documents that food delivery giants Swiggy and Zomato are in breach of the antitrust and competition laws of India, with their business practices favouring select restaurants listed on their platforms, reported Reuters. Swiggy and Zomato are the leading food delivery companies in India The antitrust body's documents say that Zomato entered …

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
1 month, 2 weeks ago

India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show

Live Mint  

An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents show. 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. …

Exclusivity contracts & price restrictions: Here's how Zomato, Swiggy hindered competition in India
1 month, 2 weeks ago

Exclusivity contracts & price restrictions: Here's how Zomato, Swiggy hindered competition in India

Firstpost  

The Competition Commission of India found food delivery giants Zomato and Swiggy breached competition laws by favouring select restaurants through exclusive contracts and pricing restrictions. The delivery giants are faced with potential penalties pending a final leadership review Food delivery giants Swiggy and Zomato were found breaching antitrust laws in India. File image India’s Competition Commission of India has found …

CCI probe finds Zomato, Swiggy breached antitrust laws, documents show
1 month, 2 weeks ago

CCI probe finds Zomato, Swiggy breached antitrust laws, documents show

The Hindu  

An investigation by the Competition Commission of India 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 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 …

Zomato, Swiggy accused of unfair practices in food delivery market: Report
1 month, 2 weeks ago

Zomato, Swiggy accused of unfair practices in food delivery market: Report

India Today  

An investigation has revealed that leading food delivery platforms Zomato and Swiggy have violated competition laws in India, according to documents from the Competition Commission of India. In Swiggy's IPO documentation, the company acknowledges the CCI case as an "internal risk," noting that "any breach of the provisions of Competition Act, may attract substantial monetary penalties." FOUND GUILTY OF ‘REDUCING …

Zomato gets ₹11.82 crore tax demand notice
8 months ago

Zomato gets ₹11.82 crore tax demand notice

The Hindu  

Online food delivery platform Zomato has received a tax demand and penalty order of ₹11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021. India’s Zomato posts first-ever profit earlier than expected "We believe that we have a strong case on merits, and the company will be filing an …

CCI Orders Probe Against Zomato And Swiggy On Restaurants Association's Complaint Of Anti-Competitive Practices
2 years, 8 months ago

CCI Orders Probe Against Zomato And Swiggy On Restaurants Association's Complaint Of Anti-Competitive Practices

Live Law  

The Competition Commission of India, on Monday, directed the Director General to investigate and determine whether the conduct of Zomato and Swiggy are anti-competitive in terms of Section 3 read with Section 3 of the Competition Act, 2002. NRAI, which represent the interest of more than 500000 restaurants in the country, filed a complaint under Section 19 of the Act …

Zomato, Swiggy Under CCI Lens for Alleged Unfair Business. Know Details
2 years, 8 months ago

Zomato, Swiggy Under CCI Lens for Alleged Unfair Business. Know Details

News 18  

The Competition Commission of India has ordered an investigation into alleged unfair business practices of food delivery platforms Zomato and Swiggy. A day after the CCI order, Zomato on Tuesday said in a regulatory filing that it will explain to the competition watchdog that it is in compliance with relevant laws and said it intends to “promptly comply with any …

Zomato, Swiggy to face CCI probe
2 years, 8 months ago

Zomato, Swiggy to face CCI probe

Live Mint  

India's antitrust body has ordered investigation into the conduct of online food delivery platforms Zomato and Swiggy, according to an order dated 4 April. "The Commission is of the view that there exists a prima facie case with respect to some of the conduct of Zomato and Swiggy, which requires an investigation by the Director General, to determine whether the …

Discover Related