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CAIT accuses Blinkit, Zepto, Instamart of exploiting FDI to undermine kiranas

YourStory

YourStory · 8m ago

CAIT accuses Blinkit, Zepto, Instamart of exploiting FDI to undermine kiranas

The Confederation of All India Traders (CAIT) has accused quick commerce platforms like Blinkit, Swiggy Instamart, and Zepto of misusing Foreign Direct Investment (FDI). CAIT claims that these platforms are using FDI to subsidize unsustainable discounts and dominate supply chains, pushing small retailers out of the market. The white paper alleges violations of India's FDI policies and the Competition Act, stating that these platforms restrict market access for independent retailers through tactics such as predatory pricing and controlling inventory. CAIT calls for regulatory action to address this issue and protect small retailers.

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Battle for Fair Play: Quick Commerce Under Fire over ‘FDI, Competition Rules Violation; CAIT Demands Action

OutlookIndia

OutlookIndia · 6m ago

Battle for Fair Play: Quick Commerce Under Fire over ‘FDI, Competition Rules Violation; CAIT Demands Action

The Confederation of All India Traders (CAIT) has accused quick commerce companies like Swiggy Instamart, Zomato’s Blinkit, and Zepto of breaching FDI rules. CAIT claims these firms misuse foreign investments to dominate the Indian retail market by controlling inventory and prices, which threatens small retailers. Despite raising significant funds, these companies allegedly haven't invested in infrastructure but use their influence for predatory pricing. CAIT seeks governmental action to enforce compliance with FDI and competition rules.

Quick commerce companies quizzed by government over FDI, operating model

Economic Times

Economic Times · 6m ago

Quick commerce companies quizzed by government over FDI, operating model

The Indian government is scrutinizing quick commerce companies like Blinkit, Swiggy Instamart, Zepto, and Bigbasket over their foreign direct investment (FDI) compliance and impact on small retailers. Officials are concerned about potential violations, road safety issues from rapid delivery, and the effect on kiranas. Despite rapid growth and capital raising by companies, the Confederation of All India Traders claims these firms misuse FDI to disrupt the retail market, posing threats to small grocery shops.

CAIT Accuses Quick Commerce Players Of Violating FDI Norms

Inc42 · 8m ago

CAIT Accuses Quick Commerce Players Of Violating FDI Norms

The Confederation of All India Traders (CAIT) has targeted quick commerce players such as Blinkit, Swiggy Instamart, and Zepto. CAIT claims that these platforms are manipulating foreign direct investment rules, violating competition laws, practicing aggressive pricing, and establishing near-monopolistic control over supply chains. In a white paper released on Wednesday, CAIT outlines several alleged infractions by these quick commerce platforms that could have significant implications for small businesses.

CAIT Alleges Inaction In CCI’s Probe Against Amazon & Flipkart

Inc42 · 9m ago

CAIT Alleges Inaction In CCI’s Probe Against Amazon & Flipkart

- CAIT accuses CCI of mishandling investigations into alleged anti-competitive practices by Amazon and Flipkart. - Letter to finance minister highlights concerns over delays in addressing violations of India's FDI policies. - CAIT alleges that Amazon and Flipkart use proxy sellers to control inventory and dominate listings. - Ecommerce giants accused of bypassing regulations through these practices. - CAIT seeks government intervention to address the issue and ensure fair competition in the marketplace.

Flipkart to launch quick commerce service in few months

Thehindubusinessline

Thehindubusinessline · 1y ago

Flipkart to launch quick commerce service in few months

Flipkart, owned by Walmart, is planning to launch its own quick-commerce service in select locations starting in May. With competition from Zomato's Blinkit, Swiggy's Instamart, and Zepto, Flipkart aims to deliver a wide range of products to customers with speed. The quick-commerce market is estimated to be worth $45 billion, with a projected GMV of $6.2 billion by 2025. According to a recent report, Blinkit holds the largest market share at nearly 40%, followed by Instamart at 37-39% and Zepto at around 20%.

Blinkit, Swiggy Instamart see record sales of colours, sweets on Holi weekend

Economic Times

Economic Times · 1y ago

Blinkit, Swiggy Instamart see record sales of colours, sweets on Holi weekend

Quick-commerce platforms like Zomato's Blinkit, Zepto, and Swiggy Instamart experienced a surge in orders for Holi essentials such as colors, sweets, and coconut oil. Blinkit hit its highest order per minute on Sunday and was on track to break its all-time high order record. Swiggy Instamart saw a 5x increase in flower sales compared to last year and reported high demand for eco-friendly Holi celebrations. Zepto witnessed a surge in orders for white t-shirts. These platforms are expanding their offerings beyond groceries and essentials to include fashion, electronics, and home appliances.

Quick commerce firms roll up sleeves for a big slice of festival season pie

Economic Times

Economic Times · 8m ago

Quick commerce firms roll up sleeves for a big slice of festival season pie

Quick commerce platforms like Swiggy Instamart, Blinkit, Flipkart Minutes, and Zepto are using aggressive customer acquisition and retention tactics to gain a larger market share during the festive season. Swiggy Instamart has reduced the minimum order value for free delivery, while Blinkit has started offering free deliveries for orders above a certain amount. Flipkart Minutes has gained traction during its Big Billion Days sales, while Zepto is emerging as a strong competitor to Blinkit, especially in major markets. Quick commerce companies are also expanding their dark store footprint, investing in expansion and incentives to attract customers. Zomato's recent fundraising efforts aim to enhance cash balance and compete with other players in the market.

Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores

Economic Times

Economic Times · 8m ago

Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores

Swiggy is investing Rs 1,179 crore in its quick-commerce business, Swiggy Instamart, to expand its dark store network. The company plans to open more dark stores in cities where it already operates, as well as expand into new cities in the future. This investment comes as competition in the quick commerce sector increases, with rivals like Zomato-owned Blinkit and Zepto raising capital for growth. The quick commerce market in India is expected to reach $22 billion in gross merchandise value by 2027. Swiggy Instamart, Blinkit, and Zepto currently dominate the market with over 85% market share.

iPhones, iPads, and More: Zepto Brings Apple Products to Your Doorsteps

OutlookIndia

OutlookIndia · 4m ago

iPhones, iPads, and More: Zepto Brings Apple Products to Your Doorsteps

Zepto, a quick commerce platform, is now offering fast delivery of Apple products, including the iPhone 16e, AirPods, MagSafe, and iPads. With an increasing demand for Apple products, Zepto has witnessed a 35% monthly rise in user searches. Competing with platforms like Swiggy Instamart and Blinkit, Zepto aims to redefine electronics shopping by ensuring rapid and easy access to premium technology. Recently, Zepto also collaborated with Lenskart for swift delivery of smart eyewear.

Blinkit, Swiggy Instamart, Zepto report 'all-time high orders' on Holi 2024

Livemint

Livemint · 1y ago

Blinkit, Swiggy Instamart, Zepto report 'all-time high orders' on Holi 2024

During the Holi festival, quick-commerce platforms like Blinkit, Swiggy Instamart, and Zepto reported a surge in orders for festive essentials such as colors, balloons, and water guns. These platforms experienced their highest-ever orders per minute, highlighting the demand for instant deliveries on special occasions. Zepto in particular noticed a spike in white t-shirt sales, while Swiggy Instamart shared a story of a customer buying Holi essentials worth ₹5,202. This trend reinforces the growing popularity of quick-commerce platforms in India.

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