Shares of food-delivery giants Swiggy and Zomato fell by 4% on 10th January after reports suggested that the National Restaurant Association of India (NRAI) might approach the Competition Commission of India (CCI) over concerns regarding their recent launch of standalone apps for 10-minute food delivery.

NRAI has raised concerns about Zomato’s “Bistro” and Swiggy’s “Snacc” standalone apps, alleging they create issues for restaurant partners.

NRAI President Sagar Daryani accused the apps of redirecting customers to private-label products like tea, biryani, and momo and warned of potential legal action against the aggregators.

The NRAI opposes Zomato and Swiggy’s involvement in private labelling and direct food sales through these apps, as it competes with restaurants.

Both apps deliver snacks, drinks, and meals sourced from third-party vendors via quick-commerce dark stores, offering ultra-fast 10-15 minute delivery.

Zomato’s Blinkit launched “Bistro” for 10-minute deliveries, while Swiggy’s “Snacc” promises snacks and meals in 15 minutes, intensifying competition in the food delivery market.

At 11:31 AM, Zomato was down 0.041% at Rs 245.25, while Swiggy was down 2.51% at Rs 494.75 on NSE.

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