Swiggy Vs Zomato: There is a possibility of a different kind of war apart from business between Swiggy and Zomato, two big online food delivery companies. Actually, Swiggy is making a deal to sponsor the fourth season of the reality show Shark Tank India for Rs 25 crore. Zomato founder Deepinder Goyal may be uncomfortable with the conditions set by Swiggy before finalizing this deal.
Moneycontrol report quoted sources as saying that Swiggy has put a condition on the deal that Zomato founder and CEO Deepinder Goyal will not return to the show as an investor. Let us tell you that Deepinder Goyal was seen as a judge in the last season of Shark Tank. Now the shooting of the fourth season of this show is going on.
Swiggy is coming with IPO
Recently Swiggy has received SEBI approval to launch its IPO. The DRHP said the company plans to raise Rs 3,750 crore, of which Rs 950 crore will be spent on brand marketing and awareness. Through this the company wants to expand its reach and reach more customers.
Swiggy’s new service
As part of its expansion, Swiggy formally introduced ‘XL’ fleet to fulfill larger orders at one go. Just a few hours before this, Swiggy had introduced ‘Bolt’, a service that delivers food products within 10 minutes. However, this service is currently available in select cities. This ‘XL’ fleet, which has been running on a pilot basis for the last few weeks, was formally launched in Gurugram on Saturday, the day of Haryana Assembly elections.
Bolt service details
Talking about Bolt service, it is already operational at key locations in six major cities – Hyderabad, Mumbai, Delhi, Pune, Chennai and Bengaluru. It will be brought to more districts in the coming few weeks. Bolt offers instant food delivery service from select restaurants within a two kilometer radius of the consumer. BOLT offers popular dishes like burgers, hot beverages, cold beverages, breakfast items and biryani which take minimal time to prepare. Swiggy said it will also focus on ready-to-pack dishes like ice cream, sweets and snacks.
