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Amazon will shut down its food delivery and its edtech initiatives in India amidst an economic uncertainty plaguing the tech industry
Leading restaurant chains urged others to not allow Zomato and Swiggy enter the dine-in space with payment gateways
The antitrust regulator found merit in investigating certain practices that allegedly violate platform neutrality.
Seeking FIRs against officials of platforms like Zomato and Swiggy, the petition accused them of turning a blind eye.
Lok Sabha MP Karti Chidambaram reacted by calling the move absurd and dangerous while demanding stringent regulations.
The food delivery giant has earmarked $1 billion for investments, a sizeable chunk of which is reserved for quick commerce.
Zomato SA's contribution was reportedly nil and its closure leaves just one international unit still standing.