| | AUGUST 20224Months after the National Restaurant Association of India (NRAI) filed a complaint with multiple allegations against the Indian food delivery twin unicorns, Zomato and Swiggy, the order to investigate the companies finally came to effect. NRAI, representing over 500,000 restaurants across India, filed the complaint to the Competition Commission of India (CCI) in July last year. In the complaint, NRAI made several allegations against Zomato and Swiggy, including the two companies for allegedly providing priority to some eateries.Swiggy had raised $700m in funding earlier this year, doubling its valuation to $10.7bn, while Zomato took it up a notch by going public last year, attracting bids worth $46.3bn and it was more than 38 times oversubscribed. Well, the competition between the companies goes deep. Recently, the food delivery twins have been endeavoring to create a holistic F&B ecosystem beyond food delivery. More often than not, it benefits the consumers in the form of more discounts and offers while ordering food/groceries online or dining out. But it looks like the equation's flip side is not as smooth as it once was. The association alleges that the two companies provide discounts after charging `exorbitant commissions' from restaurants. They also allege that Zomato and Swiggy force restaurants to give discounts on their platform by threatening them with visibility on the platform. However, the urban foodies would find it hard to live without the food delivery twins and the attractive discounts on the platform.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comThe Food War Gets More IntenseEditorial Vol 04 · Issue 5 - 1 · August, 2022 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Girish M Asokan VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Ananth V Sthitaprajnya Panigrahi Tanuja Akkanavar Keerthana Kantharaj Roopalatha H Shirly Pabisha T
< Page 3 | Page 5 >