10.1 C
New Delhi
Saturday, January 4, 2025

InstaAstro’s Complaint Against Astrotalk Gets the Cold Shoulder from CCI

Published:

The Competition Commission of India (CCI) has rejected a complaint filed by InstaAstro, accusing Astrotalk, an online astrology platform, of dominating the market unfairly.

CCI Passes a Significant Ruling

In its ruling, the CCI noted that InstaAstro had failed to provide any solid data or evidence to back up its claims. The Commission also highlighted that Astrotalk faces significant competition from various other established players in the market, making it unlikely for the platform to be engaging in anti-competitive practices.

The CCI panel, consisting of chairperson Ravneet Kaur and members Anil Agrawal, Shweta Kakkad, and Deepak Anurag, pointed out that allegations based solely on media reports were insufficient to establish a case of market dominance.

Continue Exploring: Indian Retailers See Slower-Than-Expected Festive Growth at 7%

CCI Finds No Merit in Allegations

In its original complaint, InstaAstro had accused Astrotalk of practices that supposedly harmed competition, including allegedly luring away one of its consultants by offering a higher salary—up to INR 5 lakh a month. InstaAstro further claimed that Astrotalk forced these consultants into restrictive contracts that prevented them from returning to InstaAstro or joining other competitors. Additionally, the complaint accused Astrotalk of spreading misleading information to encourage consultants to break ties with rival platforms.

InstaAstro also referenced statements made by Astrotalk’s CEO, Puneet Gupta, on social media, where he mentioned that the company held a dominant 80% market share. InstaAstro argued that such comments indicated Astrotalk’s abuse of its market position.

Continue Exploring: ITC Hotels Strengthens Delhi-NCR Presence with New Welcomhotel Opening

The CCI, however, dismissed these allegations, stating that no sufficient proof had been provided to support claims of anti-competitive behavior.

Subscribe to our Newsletter!

Stay updated on the latest news, trends, and top startups with Snackfax's daily newsletter!

Related articles

Recent articles