Swiggy Eyes Non-Users for Growth as Peak XV Backs Mega Startups

16 Oct 2026, 7:30 am · 2h ago · 1 min read · YourStoryNew

Speaking at TechSparks 2026, Rohit Kapoor, CEO of Swiggy's Food Marketplace, stated that future food delivery growth relies on tapping the nearly 90% of Indians who have never used online platforms. Meanwhile, Peak XV Managing Director Mohit Bhatnagar noted that the success of listed companies like Zomato has expanded founder ambition, with Indian entrepreneurs now aiming for $50 billion to $100 billion valuations, prompting venture capital firms to take bolder bets. Separately, IT services major Wipro reported a 1.4% year-on-year drop in consolidated net profit to Rs 3,200.6 crore for the second quarter.