Exclusive-India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Source: Yahoo Finance
Antitrust Investigation Findings: India's Competition Commission found that food delivery companies Zomato and Swiggy violated competition laws by favoring select restaurants through exclusivity contracts and price parity agreements, hindering market competitiveness.
Impact on Business Practices: The investigation could lead to penalties or changes in business practices for both companies, which are also facing scrutiny over their quick commerce operations amid rising demand and IPO activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
