Swiggy's founder and CEO Sriharsha Majety and Zomato's founder and CEO Deepinder Goyal, arch rivals who dominate the food delivery space in India, have one thing in common
— both of them are famously media shy and hard to pin down for interviews.
Goyal, in fact, stayed away from investor roadshows, analyst meets and media interviews ahead of the Zomato IPO, leaving his top management to do the talking.
Majety broke his silence in a rare interview after Swiggy closed a $1.25 billion funding round, its biggest till date, which will give it ammunition to fight Zomato and stave off Amazon Food, even as it doubles down on non-food delivery categories such as grocery (Instamart), pick up and drop services (Swiggy Genie), subscription-based milk delivery (Supr Daily) and its meat delivery vertical. $1.25 billion is incidentally the same amount that rival Zomato is raising through its IPO.
Majety spoke about the market potential, what the Zomato IPO means for Swiggy, his bets on breakout areas such as grocery and meat delivery, the intense war for talent and why India has huge potential going forward.