Swiggy, Zomato in a soup as CCI probe finds duo violating antitrust norms
Zomato and Swiggy have violated antitrust norms by getting into «exclusive arrangements» with restaurant partners, a person aware of the details said.
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The antitrust regulator's investigation wing has reckoned that the practice of favouring select restaurants by both Zomato and Swiggy is distorting competition in the market, the person told ET.
Both the firms are accused of forcing their restaurant partners to maintain price parity and, in some cases, asking them not to offer lower prices on rival platforms, he said. «All these things hamper competition in the relevant market and that's what the investigation report essentially points out,» he added.
The regulator is now reviewing the probe report and will likely take a decision on the matter in a few weeks, the person said.
Swiggy, which closed its bid for a ₹11,327-crore initial public offering (IPO) on Friday, had listed the CCI case as among the internal risks in its IPO prospectus. Its IPO has been oversubscribed more than three times.
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