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Zomato & Swiggy cursed to be in same sector: Zomato CEO Deepinder Goyal

Inshorts · 2y ago

Zomato & Swiggy cursed to be in same sector: Zomato CEO Deepinder Goyal

Deepinder Goyal, the CEO of Zomato, expressed that Zomato and Swiggy are the top companies in the Indian internet ecosystem and coincidentally find themselves operating in the same sector. Goyal highlighted that Zomato and Swiggy have a healthy competition and stated that unlike the stories of ride-hailing startups hacking each other's systems, such incidents have not occurred in their industry.

Related News

Zomato behind BookMyShow in ticketing business, hope Swiggy doesn't buy it: Deepinder

Inshorts · 10m ago

Zomato behind BookMyShow in ticketing business, hope Swiggy doesn't buy it: Deepinder

Zomato CEO Deepinder Goyal said the startup is behind BookMyShow in the ticketing business and will, at some point, "gun to be number one". Speaking to Moneycontrol, Goyal said he hopes that "Swiggy doesn't buy BookMyShow". Zomato and Swiggy are rivals in both food delivery and quick e-commerce spaces, with Zomato gaining a lead over Swiggy in recent years.

Nutritionist asks Zomato, Swiggy to avoid using plastic containers

IndianStartupNews

IndianStartupNews · 1y ago

Nutritionist asks Zomato, Swiggy to avoid using plastic containers

In a recent Instagram post, nutritionist Luke Coutinho urged restaurants and food delivery platforms like Swiggy and Zomato to deliver food in biodegradable, non-plastic containers. As a discussion unfolded in the comments section, Zomato CEO Deepinder Goyal responded by thanking the nutritionist for addressing the issue. "Thanks, Luke, for bringing this up," Goyal said.

Eternal denies reports of Rakesh Ranjan's departure as food delivery head

YourStory

YourStory · 4m ago

Eternal denies reports of Rakesh Ranjan's departure as food delivery head

Eternal, previously known as Zomato, refuted reports of CEO Rakesh Ranjan's departure amid rumors of internal reorganization. While media speculated that Co-founder Deepinder Goyal might become interim CEO, Eternal confirmed Ranjan hadn't resigned. Ranjan, with the company for over seven years, took on the CEO role for food delivery after leading Hyperpure. This news surfaces as the food delivery sector, dominated by Swiggy and Zomato, faces a slowdown in demand and customer acquisition challenges.

Good to have multiple players: Zomato CEO Deepinder on Swiggy IPO

Inshorts · 10m ago

Good to have multiple players: Zomato CEO Deepinder on Swiggy IPO

On being asked about rival firm Swiggy's upcoming IPO, Zomato CEO Deepinder Goyal said it's good for the sector to have multiple companies. "But I do not know anything else, we really focus on our own job. We don't care about anything else," he added during an interview. Swiggy has received SEBI's approval for its IPO to raise $1.25 billion.

Our only 'we're dead' moment was when Swiggy raised $1 bn & we had $35 mn: Zomato CEO

Inshorts · 10m ago

Our only 'we're dead' moment was when Swiggy raised $1 bn & we had $35 mn: Zomato CEO

Zomato CEO Deepinder Goyal opened up about the lowest moment for the company during an interview at ET Startup Awards 2024. "The only one moment (we felt) like 'oh shit, we're dead' was when Swiggy raised $1 billion and we had $35 million in bank," he said. Deepinder was referring to Swiggy's Series H fundraise in 2018 led by Naspers.

No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times

Economic Times

Economic Times · 1m ago

No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times

Eternal CEO Deepinder Goyal isn't concerned about new entrants like Rapido entering the food delivery space, as he believes there's no current innovation posing an "obvious threat." Rapido plans to launch its food delivery app, Ownly, in Bengaluru, charging lower commissions compared to competitors like Zomato and Swiggy. Eternal is expanding with a new subsidiary, Blinkit Foods, while Swiggy introduces the ‘99 store’ amidst rising competition and slow demand in the food delivery segment.

NRAI and food delivery platforms clash over private labels

YourStory

YourStory · 7m ago

NRAI and food delivery platforms clash over private labels

The National Restaurant Association of India (NRAI) has expressed concerns over food delivery platforms like Swiggy and Zomato introducing private labels, potentially affecting restaurant partners. NRAI President Sagar Daryani highlighted the competitive pressure adding to restaurants' challenges. Zomato CEO Deepinder Goyal reassured that they wouldn't compete with partners through private labels. Discussions are ongoing, and NRAI plans to seek legal intervention and approach the Competition Commission of India for resolution.

Zomato’s Deepinder Goyal bets on health wellness space with new venture Continue

YourStory

YourStory · 10m ago

Zomato’s Deepinder Goyal bets on health wellness space with new venture Continue

Zomato Co-founder and Group CEO Deepinder Goyal has registered a new venture called "Continue". The company, which was incorporated in April this year, will focus on longevity ventures related to health tracking and mental wellness. It is not associated with Zomato and will operate independently. Deepinder Goyal has invested Rs 50,00,000 in the new venture. Several ex-Zomato executives have also joined Continue. Zomato, on the other hand, will continue to focus on its core businesses including Food Delivery, Blinkit, Hyperpure, and District. Zomato did not provide any comments on the new venture.

Viral video shows model riding without helmet in Zomato gear; Company issues clarification

IndianStartupNews

IndianStartupNews · 1y ago

Viral video shows model riding without helmet in Zomato gear; Company issues clarification

A viral video showing a woman riding a bike without a helmet while wearing what appeared to be Zomato's attire and delivery bag has sparked controversy. Zomato CEO, Deepinder Goyal, clarified that the woman in the video is not a Zomato employee and the company had no involvement in the video. Goyal also emphasized that Zomato does not endorse helmet-less biking. The video initially led social media users to believe it was an official Zomato campaign, but the company dispelled this misunderstanding.

User accuses Zomato of overcharging vegetarians, CEO responds

Inshorts · 7m ago

User accuses Zomato of overcharging vegetarians, CEO responds

A LinkedIn user, Rohit Ranjan, criticised Zomato for charging a ₹2 'veg mode enablement fee', calling being vegetarian in India a "curse". Zomato CEO Deepinder Goyal quickly responded, calling the charge “absolutely stupid” and apologised. He assured the fee would be removed immediately and promised to address the issue within the team.

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