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Swiggy Secures ‘Shark Tank India’ Sponsorship as Zomato Faces Leadership Changes!

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Shark Tank - StartupStories

Swiggy has made headlines by securing a ₹25 crore sponsorship deal for the fourth season of “Shark Tank India,” a popular business reality show that showcases budding entrepreneurs pitching their ideas to a panel of investors. This strategic move comes amidst significant changes at Zomato, as its CEO, Deepinder Goyal, announced his departure from the show due to Swiggy’s sponsorship.

Swiggy’s Strategic Sponsorship

The partnership with “Shark Tank India” is expected to enhance Swiggy’s brand visibility and strengthen its market position in the competitive food delivery sector. The show, which has gained immense popularity in India, provides a platform for entrepreneurs to showcase their business ideas, making it an ideal venue for Swiggy to connect with a broader audience. By aligning itself with such a high-profile program, Swiggy aims to attract new customers and reinforce its brand image.

This sponsorship is particularly timely as Swiggy prepares for its upcoming Initial Public Offering (IPO), where it aims to raise up to ₹3,750 crore. The company has allocated ₹950 crore specifically for brand marketing and awareness campaigns, indicating its commitment to expanding its customer base and enhancing visibility in a crowded marketplace.

Goyal’s Exit from Shark Tank

In contrast to Swiggy’s upward trajectory, Zomato is facing leadership challenges. Deepinder Goyal’s exit from “Shark Tank India” marks a significant change for the show and raises questions about Zomato’s future direction. Goyal confirmed that he was “kicked out” of the show because of Swiggy’s sponsorship agreement, which reportedly included a clause demanding his removal from the panel. He expressed disappointment over the situation but emphasized his desire to set a different narrative about startup culture in India during his brief time on the show.

Goyal joined “Shark Tank India” in its third season and quickly became known for his incisive questions and engaging interactions with entrepreneurs. His absence in the upcoming season will be felt, especially among viewers who appreciated his insights into building startups.

Implications for Both Companies

Swiggy’s new sponsorship deal could significantly impact its market positioning against competitors like Zomato. By leveraging the visibility gained from “Shark Tank India,” Swiggy hopes to attract new users and bolster customer loyalty during a period of rapid change in consumer preferences.

On the other hand, Zomato must navigate through leadership changes that could affect its operational effectiveness. Goyal’s departure is particularly noteworthy as he is one of several co-founders who have left the company recently. This trend raises concerns about continuity and strategic execution as Zomato seeks to maintain its market share amidst increasing competition.

Conclusion

As Swiggy capitalizes on its new sponsorship to enhance brand visibility and expand its services, Zomato faces the challenge of adapting to leadership transitions that could impact its future strategies. Both companies are at pivotal junctures in their journeys, shaping the evolving landscape of India’s food delivery industry. The rivalry between Swiggy and Zomato continues to intensify, making it essential for both platforms to innovate and respond effectively to market demands.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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