Swiggy To Sponsor Shark Tank Season 4, Likely To Leave Zomato Founder Deepinder Goyal out of the Deal

New Delhi, October 6: Swiggy is reportedly close to finalising a deal to sponsor the upcoming season 4 of Shark Tank India. As per reports, the agreement is said to exclude Zomato's founder, Deepinder Goyal, as part of the conditions. The deal, if confirmed, would make Swiggy the main sponsor of the popular business reality show.

Swiggy's approach to sponsor Shark Tank season 4 while excluding a key rival's founder highlights its competitive approach in the food delivery market. As per a report of Money Control, Swiggy is likely to sponsor Shark Tank India Season 4. However, the sponsorship deal includes exceptions for Deepinder Goyal, founder of Zomato, who may not be involved in the show. ‘Went Out To Deliver Orders’: Zomato CEO Deepinder Goyal Teams Up With Wife Gia Goyal To Deliver Food to Customers in Gurgaon (See Pics).

Swiggy's attempt to prevent Deepinder Goyal from appearing on Shark Tank highlights the growing competition between Swiggy and Zomato, as both companies are in the food and grocery delivery business. Neither Swiggy, Zomato, nor Sony Television provided any comments on this situation.

Swiggy has reportedly agreed to sponsor Shark Tank India, but only if the founder of Zomato does not come back as an investor. According to a report of Times of India, Swiggy is in talks to secure a sponsorship deal for the next season of Shark Tank India, which could be worth between INR 40-60 crore. In its revised Draft Red Herring Prospectus (DRHP), Swiggy mentioned that out of the INR 3,750 crore it aims to raise, INR 950 crore will be used for marketing and increasing brand awareness. The decision can be seen as a part of Swiggy's strategy to reach more customers. Zomato Now Delivers Food Directly to Customer’s Train Coach in 100 Railway Stations, Says CEO Deepinder Goyal.

Shark Tank India, which is shown on Sony Television, has reportedly started shooting for its fourth season. Some of the familiar investors, known as "sharks," are returning for this season. They include Anupam Mittal from People Group, Aman Gupta from boAt Lifestyle, Namita Thapar, who is the Executive Director at Emcure Pharmaceuticals, Peyush Bansal from Lenskart, and Ritesh Agarwal from OYO.

(The above story first appeared on LatestLY on Oct 06, 2024 10:43 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).