Government to quick commerce players: throw more light on dark store ownership structures
dark stores, the mini warehouses that are crucial for the foreign-funded platforms to deliver in 15-30 minutes, people aware of the matter said.
India’s foreign direct investment rules don’t allow foreign-funded online marketplaces to own inventory or control sellers on their platforms. Because of these restrictions, the dark stores are not owned by the quick-commerce platforms themselves, but by separate entities. However, there are some grey areas in their structures.
Meeting With Goyal
That is where the government is seeking clarity, the people said, as the rapid expansion of quick commerce has started affecting the business of neighbourhood stores and modern retailers.
The chief executive of one of the top three quick-commerce firms said he recently met commerce and industry minister Piyush Goyal and his team in Mumbai and briefed them on the nature of investors in the firm and its long-term plans.
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