Amazon and Flipkart violated competition laws in India, report says

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Amazon and Flipkart violated competition laws in India, report says - TechCrunch

Quick Summary:

The finding presents a new challenge for the e-commerce giants in a market where online retail growth remains modest at under 15% and quick-commerce is increasingly snatching business from Amazon India and Flipkart.

Indian antitrust regulator has found that Amazon and Flipkart, owned by Walmart, violated local competition laws, according to a report.

The e-commerce firms clocked sales of about $50 billion to $60 billion last year, according to industry estimates.