News > CAIT demands investigation into quick commerce firms' Rs 54,000 crore FDI

CAIT demands investigation into quick commerce firms' Rs 54,000 crore FDI

The Confederation of All India Traders has added its voice to the growing demand for an investigation into the business models of quick-commerce companies like Blinkit, Swiggy Instamart and Zepto, citing violations of several regulations, including the Foreign Direct Investments Policy, Competition Act and the Foreign Exchange Management Act. It is estimated that over 50% of the FDI may have been spent covering operating losses.