🚨#CAIT Alleges #FDI Misuse by #QuickCommerce Giants🚨 The Confederation of All India Traders (CAIT) has accused quick commerce giants like Blinkit, #Swiggy's #Instamart, and Zepto of misusing Foreign Direct Investment (FDI) to fund unsustainable discounts and dominate supply chains, threatening the survival of small retailers. In parallel, #Blinkit is piloting a large-order delivery service for high-value items like #PlayStations and air purifiers, aiming to boost average order value. Meanwhile, #EV ride-hailing service BluSmart reports impressive growth, with a 77% increase in gross merchandise value year-over-year, reaching Rs 275 crore in the first half of FY25. Array of Zero https://lnkd.in/dAtATR9B #Journalism #TechNews #BusinessNews #TechTrends #Startups