40 start-ups extend support to Digital Competition Bill in a letter to MCA

In a letter written to the Ministry of Corporate Affairs (MCA) on Thursday, 40 Indian start-ups have come out in support of the draft Digital Competition Bill which proposes ex-ante regulations to curb anti-competitive practices of Big Tech companies.

The start-ups, which include prominent names like Matrimony.com, TrulyMadly, Innov8, QuackQuack, Magicbricks, Hoichoi, and Medibuddy, have written to the MCA saying that the bill is a step in the right direction and will address long-standing concerns of Indian start-ups to rein in practices which stifle innovation, limit consumer choice, and hinder the growth of young businesses.