Kotak warns Zepto, Swiggy's rise in quick commerce will become 'political issue'

Uday Kotak during a recent CNBC-TV18 event warned that the rise of quick commerce companies like Zepto, Swiggy's Instamart, and Zomato's Blinkit poses a challenge to local retailers. "I think it's a challenge that will come to the political front," Kotak said. "But if you look at quick service retail, India is a unique country where it's working," he added.