Oct 08, 2024 11:48 AM IST
Zomato CEO Deepinder Goyal stated he has never ordered from competitors like Swiggy, emphasizing Zomato’s strong position in India’s food delivery market.
Zomato founder and CEO Deepinder Goyal said that he has never tried ordering food from competitors like Swiggy as he talked about Zomato’s position in India’s food delivery and quick commerce sector. In response to whether he had ordered from his competitors, Deepinder Goyal said, “No, I have not ordered food outside of Zomato. Never ever. Never ordered on Swiggy, nor opened anybody else’s app.”
This comes as Swiggy has increased its brand presence ahead of its IPO. Deepinder Goyal also revealed that he was dropped as the judge of Shark Tank India owing to Swiggy sponsoring the fourth season of the popular business reality show.
He said, “The startup culture of India is too much about showmanship. I went there to set a different narrative, be real and change how people perceive. I felt a moral obligation to go there. I shot for one weekend and gave my perspective. I, unfortunately, can’t go back because Swiggy sponsored Shark Tank and kicked me out, at least that’s what I heard.”
Deepinder Goyal also reflected on the most challenging time for his company Zomata when in 2018 it faced significant financial hurdles. At the time, Swiggy secured a massive $1 billion in funding, while Zomato had just $35 million in the bank, he said, adding, “The only one moment like ‘Oh sh**, we’re dead’ was when Swiggy raised $1 billion and we had $35 million in the bank.”