From Rivals to Well-Wishers: Zomato Celebrates Swiggy’s IPO Success

Zomato, one of India’s food delivery giants, just extended a warm congratulations to its competitor Swiggy on its successful stock market debut.

That’s right—Zomato celebrated Swiggy’s big day on social media platform X, formerly known as Twitter, sharing a photo of Swiggy’s listing on the Bombay Stock Exchange with a friendly caption: ‘You and I… In this beautiful world.’ How’s that for a friendly rivalry

Swiggy’s shares opened at ₹420 on the NSE, a 7.69% premium over its issue price of ₹390.

The IPO raised an impressive ₹11,327 crore, with ₹4,499 crore from fresh issue and the rest from Offer For Sale by shareholders.

This major milestone comes a few years after Zomato’s own 2021 debut, when it listed at ₹115, a massive 51% above its issue price of ₹76.

It’s rare to see rivals celebrating each other’s wins like this. So, what’s your take on this show of support? Is it genuine or just good PR?

Comment below, and don’t forget to hit subscribe for more business insights.

Also Watch: Swiggy’s Stock Market Debut Creates 5,000 Crorepati Employees!