CCI studies ‘ecommerce nexus’; IT workers trickle back to office
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Last month, officials from India’s competition regulator raided the offices of the top sellers on Amazon and Flipkart, which it is investigating for allegedly abusing their market dominance and preferring certain sellers over others. Now, sources tell us the Competition Commission of India is studying documents found during the raids that suggest financial dealings between the ecommerce majors and their preferred sellers.
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■ Delhivery clocks Rs 119.8 crore loss in Q422, revenue doubles The investigation arm of the Competition Commission of India (CCI) is reviewing documents that suggest financial dealings between leading ecommerce companies and their preferred sellers, sources told us.
It has now sought more time from the commission to review these documents, which were found during raids on vendors last month following allegations of violation of competition law by ecommerce majors Amazon and Flipkart.
Originally, the director general of the CCI was to complete its investigation by the first week of June.
Quote: “Deep discounting is a key antitrust issue that CCI is probing. Documents pertaining to the acquisition costs of goods will provide more insights on who is subsidising these goods,” the person said. “Also, since some of the ecommerce companies themselves own shares in the online vendors, CCI is examining the terms of such equity investments.” This is the first non-cartel case in which the antitrust regulator used its powers of search and seizure.
Case history: The Delhi Vyapar Mahasangh (DVM), an affiliate of the Confederation of All India Traders (CAIT), had approached the CCI in 2020, alleging abuse of market dominance and competition law violation by Flipkart […]
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