Quick commerce poses challenge to retailers, might become issue: Uday Kotak

Financial services industry veteran Uday Kotak (pictured) on Thursday said the successful quick commerce (qcom) trade posed a challenge to retailers and would become a political issue. Speaking at an event organised by CNBC TV18, Kotak also pitched for Indian businesses becoming more competitive in a “free and fair trade”.

“Qcom has a challenge to the local retailer and it is a challenge which will come to the political front,” he said in comments that come a day after listing of Swiggy, a prominent name in the qcom side.