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Sellers body moves CCI against Flipkart's acquisition of Walmart India

Says a few sellers will get preferential treatment, Flipkart will engage in deep discounting in groceries

Flipkart
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Walmart had invested $16 billion in 2018 for a majority stake in Flipkart. Earlier this month, it led a $1.2-billion round in Flipkart, valuing the e-commerce firm at $24.9 billion.

Peerzada Abrar Bengaluru
Flipkart's recent acquisition of Walmart India is facing a big challenge as the All India Online Vendors' Association (AIOVA) has approached the Competition Commission of India (CCI) against this deal.

AIOVA, which is an alliance of sellers, has approached the CCI on the ground that the acquisition of Walmart India will lead to preferential treatment for a few sellers and the combination will lead to deep discounting by Flipkart in its grocery segment. It has said the investigation by the CCI against Flipkart was already ongoing for abuse of dominant position, and thus the acquisition can’t be allowed.

“All we are saying

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First Published: Jul 27 2020 | 9:12 PM IST

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