New Delhi, May 20 -- Nearly 40 Indian startups, including, TrulyMadly, Innov8, QuackQuack, Magicbricks, Hoichoi, and Medibuddy, have come out in strong support of the government's proposed Digital Competition Bill.

In a letter to the Ministry of Corporate Affairs, the startups praised the draft legislation as a catalyst for creating a fairer and more competitive digital ecosystem that will address long-standing concerns around anti-competitive practices by big tech companies.

The startups argue the Bill will help rein in monopolistic practices that stifle innovation, limit consumer choice, and hinder the growth of young businesses.

While fully backing the draft Bill, they have requested an upward revision of the threshol...