Sriharsha Majety, Swiggy's CEO, posted a lengthy response today to a viral blog post that claimed to have been written by an anonymous group of former and soon-to-leave employees of the food delivery startup. Majety indicated that the post's authors may not be former Swiggy employees in the first place ("but that’s for another day"). In his post, Majety refuted most of the claims that the Tumblr post made, while not disputing that some of the documentation featured in the post was authentic. For instance, slides from an investor deck featured in the Tumblr post (1) were featured in a different format (2) by Majety in his response while refuting an Excel sheet that showed lower sales numbers. [caption id="attachment_173693" align="alignnone" width="800"] Photo of an Swiggy fundraising deck posted on the blog[/caption] [caption id="attachment_173692" align="alignnone" width="480"] Same data posted by Majety[/caption] "The fact that our success causes others disbelief is probably understandable," Majety said elsewhere in the post. 30% commission The Tumblr post said that restaurant owners were initially charged modest commission rates -- between 5 and 10 percent. Gradually, that number grew to 25%, with a future target of 30% on average, the post claimed. Majety did not dispute the fact that restaurant commissions were being increased, saying: "The commissions we charge are a function of the value we generate for the restaurant". [caption id="attachment_173695" align="alignnone" width="800"] Slides from the same (alleged) Swiggy deck by Avendus[/caption] [caption id="attachment_173696" align="alignnone" width="800"] Slide from the same (alleged) Swiggy deck by Avendus[/caption] But he…
