Zomato's Deepinder Goyal congratulates Swiggy for turning profitable

Popular online food ordering and delivery platforms Zomato and Swiggy are certainly locked in a competition to corner maximum orders. However, the two players seem to have much respect for each other as evinced by the gesture of Zomato founder and CEO Deepinder Goyal on Tuesday.

Swiggy co-founder and CEO Sriharsha Majety took to Twitter to say that the company had turned profitable. "Excited that Swiggy turned its food delivery business profitable in March'23, while creating value for all our partners. Our teams have worked tirelessly to build long term value putting customers first each day," his tweet read.

Among those who rushed to congratulate him was Zomato founder and CEO Deepinder Goyal. "Congratulations! Nicely done," he tweeted in response to Majety' announcement.

Our sharp focus on innovation, coupled with strong execution has led to yet another milestone- As of March 2023, Swiggy’s food delivery business has turned profitable, Majety wrote in a blog post on Monday. " This is a milestone for food delivery globally, not just for us, as Swiggy has become one of the very few global food delivery platforms to achieve profitability in less than 9 years since its inception," he added.

"We strongly believe it’s still very early days in India’s journey of eating out and food delivery, and are very sanguine about the growth potential over the next 2 decades," he wrote.