Digital Giants Clash: Matrimony.com and Sharechat Rebuke IAMAI's Bill Submission

Matrimony.com, Sharechat, and other companies have voiced their disagreement with IAMAI's submission on the Draft Digital Competition Bill, arguing it does not represent the broader digital startup ecosystem. They assert that IAMAI's stance favors a minority and could perpetuate regulatory gaps harmful to competition and innovation.

In a robust opposition to the industry's stance, Matrimony.com and Sharechat have openly disputed IAMAI's recent submissions on the Draft Digital Competition Bill.

The companies argue that IAMAI's stance, which they claim reflects only a small fraction of its diverse membership, could entrench existing digital monopolies.

They urged the Ministry of Corporate Affairs to advance the draft bill, ensuring robust regulations that foster fair competition and protect startups from larger tech giants.