Probe Finds Zomato, Swiggy Breached Antitrust Laws: Report
NDTV
The antitrust investigation against Swiggy and its top rival Zomato began in 2022 after a complaint by National Restaurant Association of India.
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 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.
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74 per cent per cent of companies have yet to show tangible value from their use of AI, said the report.
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Karnataka Minister BZ Zameer Ahmed Khan said this was not the first time he had used the word for HD Kumaraswamy
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A Hyundai Verna, a cash counting machine, mobile phones and laptops were recovered from him.
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