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CosmicTaco
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Grapevine

Swiggy Sponsors Shark Tank, Ousts Zomato CEO

  • Swiggy is set to sponsor Shark Tank India Season 4, ousting Zomato CEO Deepinder Goyal from the show.
  • This move highlights the escalating rivalry between the two food delivery platforms.
  • Swiggy's proposed ₹5,000 crore IPO includes a fresh issue of equity shares worth ₹3,750 crore and an OFS of 185,286,265 equity shares.
  • Zomato's market capitalization stands at $25 billion, more than double of Swiggy's estimated $10 billion valuation.
  • Swiggy reduced its losses by 43% in FY24, with revenue from operations marking a 36% growth.

Source: Mint

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user

Wtf is happening in that image

user

16 billion??? I want to smoke what they are smoking...