CAIT white paper: Quick commerce players like Blinkit, Instamart, Zepto misusing FDI rules, crushing kiranas

Traders’ body Confederation of All India Traders (CAIT) on Wednesday released a white paper alleging quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart, Zepto, etc., misusing FDI (foreign direct investment) regulations, manipulating the market, and driving small retailers particularly kirana stores out of business.

CAIT said that instead of using FDI to build assets, quick commerce players are funding deep discounts and covering operating losses. “This predatory pricing is pulling customers away from kirana shops, crippling their ability to compete,” the white paper said.