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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A hefty penalty imposed by the competition watchdog and its wider implications are a cautionary tale for entrepreneurs and unicorns.
Last week, the Competition Commission of India concluded its three-year-long investigation into the MakeMyTrip-OYO affair. In its order, the antitrust regulator asked MakeMyTrip and OYO to cough up Rs 223 crore and Rs 169 crore in penalties respectively. It is a sizeable amount, except that most CCI penalties don’t end up getting paid. The CCI has a recovery rate of about 1%, since most of its orders are challenged by aggrieved parties in higher courts, where they languish.
That said, the MakeMyTrip-OYO order is important because it goes into painstaking detail about how this combine brazenly thwarted competition. At the …
Store expansion, premiumisation and a growing customer base are driving its beauty business. Fashion, meanwhile, is showing improvement but still lacks a clear differentiator.
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
