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