Quick commerce companies quizzed by government over FDI, operating model
Swiggy Instamart, Zepto and Bigbasket met government officials on Monday, according to people in the know. These fast-growing delivery platforms have come under scrutiny for the ownership structure of warehouses as well as overall operations.
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Officials at the Department for Promotion of Industry and Internal Trade (DPIIT) enquired how quick commerce operates and how different it is from ecommerce, these people said.
“The meeting was chaired by DPIIT secretary Amardeep Singh Bhatia, with senior officials from the Department of Consumer Affairs and Competition Commission of India (CCI) also present,” an executive briefed on the development told ET.
Officials asked companies for details of their dark stores, one of the persons said.
This was to understand if they were in compliance with India’s foreign direct investment (FDI) norms for ecommerce, under which online retailers with foreign investments are not allowed to hold inventory.
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