Zomato, Swiggy deny CCI antitrust violations, say media report ‘misleading’

Following media reports indicating an antitrust investigation by the Competition Commission of India (CCI) into its business practices, Zomato addressed the claims on Sunday (November 11), calling them “misleading”. In a statement to the BSE, Zomato clarified that while the CCI had initiated a preliminary inquiry back in April 2022, no final findings or orders had been issued against the company. Reaffirming its commitment to compliance with Indian competition laws, Zomato emphasised its readiness to cooperate with the investigation and respond to any inquiries from the regulator.