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

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NEW DELHI :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.

FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021.

Macquarie Capital estimates Swiggy's food order values in 2024-25 will be $3.3 billion, roughly 25 per cent below Zomato's.

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Category: EconomyBusiness

Markets: SingaporeIndia

Topics: Investigation Zomato Documents Restaurant Food Restaurants India Delivery Swiggy Competition Listed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 17:31:01 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 685 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23470098

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