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‘Kicked me out,’ Zomato CEO Deepinder Goyal says as Swiggy is set to sponsor Shark Tank India Season 4 | Mint

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- Swiggy is set to sponsor the fourth season of Shark Tank India, cementing its position in the food delivery market. - Swiggy has reportedly demanded that Zomato CEO Deepinder Goyal not participate in the show as an investor, indicating intense competition between the two platforms. - The proposed IPO of Swiggy is expected to raise around ₹5,000 crore, including a fresh issue of equity shares and an offer-for-sale by existing shareholders. - Zomato, which went public three years ago, currently has a market capitalization of $25 billion, more than twice the estimated valuation of Swiggy at $10 billion. - Swiggy's IPO plan comes after the success of Zomato's stock, which witnessed a significant rise this year, indicating a favorable market for food delivery platforms.