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Focus on growth, building long-term business: Zomato s cofounder Deepinder Goyal

Synopsis Goyal says Zomato spent almost one-third the money compared to competition to get here and has been very efficient.. ETtech Bengaluru | Mumbai: Zomato, the first Indian unicorn to list on the bourses last month, will continue to chase growth and build a long-term business, cofounder Deepinder Goyal told ET, undeterred by questions raised on the food-delivery and restaurant-discovery platform’s profitability and eye-popping valuation. The 38-year-old chief executive said that “life hasn’t changed drastically” after the company raised more than $1 billion from the public markets last month, vaulting it to the top league of publicly traded firms in India.

NRAI s suggested changes to e-commerce rules focus on food delivery platforms

16 hours ago The NRAI reasoned that Zomato and Swiggy fall under the ambit of the rules by citing the platforms’ FDI funds and their recent moves to enter the grocery delivery market.  The National Restaurant Association of India (NRAI), which represents over 5 lakh restaurants across India, appreciated the proposed amendments to e-commerce rules and suggested some modifications such as holding entities with significant market power responsible and not just ones that hold the dominant position, making restaurant-ranking policy clearly visible, disallowing promotions through loyalty programmes like Zomato Gold and Swiggy Super, and preventing the use of information collected on behalf of restaurants for the private gain of the platforms.

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