New entrants include Jio Financial Services, Suzlon Energy, Adani Green Energy, Adani Power, Samvardhana Motherson International, and PB Fintech (Policybazaar).
Swiggy's management recently highlighted the potential of quick food delivery, revealing that it already accounts for 5 percent of its food orders within two months of its launch.
Viral Bhatt, Founder of Money Mantra, also acknowledged Zomato's strong brand position and diversified business model as key factors offering growth potential in the evolving food delivery and quick commerce sectors.
To address this, Zomato is focusing on offering additional benefits and flexibility to attract and retain gig workers, a crucial component of its operations.
Zomato, in a regulatory statement, clarified that the CCI issued a preliminary order on April 4, 2022, mandating the Director General's office to examine possible violations of the Competition Act.
Allegations include preferential treatment for specific restaurant partners, which the CCI had deemed worthy of scrutiny after a complaint from the National Restaurant Association of India (NRAI) in April 2022.
Zomato's food delivery business is now profitable, and its quick commerce unit, Blinkit, is also nearing break-even, according to the company's management.