On regulatory scrutiny, Zomato CEO said fast trading is not affecting the market share of kiranas. “Blinkit doesn’t even affect companies like Dmart. We are more or less consuming the share of e-commerce players like Amazon and Flipkart as well as modern retail,” he added.
Fast trade is also increasing consumption, Goyal said.
Retrofitting on the upper deck
Goyal said that after the IPO, many competent people did not realize that they were being complacent. “Many senior managers at Zomato became complacent and stopped looking for progress. There was no work in the organization for a while. I had to lay off a lot of people to get us back on track,” he added.
Be a publicly traded company
According to Goyal, companies go public because the market is hot, not necessarily because they are ready. “If you’re in the public, the only way to sleep peacefully at night is to be absolutely transparent with what’s going on,” he added.
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The IPO of its rival Swiggy
When asked about Swiggy’s upcoming IPO, Goyal said, “I don’t really know and we haven’t even thought about it. We will see what happens.”
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