wordpress blog stats
Connect with us

Hi, what are you looking for?

GOQii threatens to sue Flipkart for offering “70-80% discounts” on its fitness trackers

Smart wearables maker GOQii Technologies has sent a cease-and-desist notice to Flipkart, accusing the e-commerce platform of violating terms of agreement by selling its fitness trackers at huge discounts without approval. MediaNama has seen a copy of the notice. GOQii, which is backed by Ratan Tata, says Flipkart’s “70% to 80% discounts” on its products constituted predatory pricing and was an anti-competitive practice under the Competition Act 2002. It says Flipkart’s practices also violated the government’s new FDI rules for e-commerce, which say that an online marketplace cannot influence prices directly or indirectly and must offer a level playing field to all vendors. GOQii's notice says the company would initial legal proceedings if Flipkart did not cease its activities within 24 hours of receiving it. The notice calls on Flipkart to immediately: Stop selling GOQii products at unapproved discounted prices Give GOQii an unconditional undertaking in writing that it will do so Provide an account of the number of units it has already sold, and at what prices Undertake that GOQii's products will henceforth be sold only at mutually agreed MRP prices The products in question are the Vital and Pulse, which are fitness bands, and Stride, a tracker that people attach to their shoes. Flipkart appears to have taken action. As of noon on May 20, 2019, Vital is available on the platform for Rs 2,999 - a discount of just 14% - and the Pulse is not available. While Stride is available at a 66% discount, GOQii’s notice only mentions the lowest price…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Telecom companies are against a regulatory sandbox, as they think information revealed by businesses during the sandboxing process might be confidential should be out...

News

According to a statement, the executive body of the European Union had also sought internal documents on the risk assessments and mitigation measures for...

News

The newly launched partially open-sourced LLM Grok-1 can be commercially used but not trademarked.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ