Swiggy IPO Listing: Rival Zomato CEO's Rare Gesture On D-Street Debut - See Post

In a gesture of sportsmanship, Zomato CEO Deepinder Goyal extended his congratulations to rival food delivery platform Swiggy on its successful stock market debut on Wednesday. Swiggy's shares are listed at a premium of nearly 8 per cent on the National Stock Exchange ( NSE ).

Goyal took to X to express his admiration for Swiggy, tweeting, "Congratulations @swiggy! Couldn't have asked for a better company to serve India with..."
Swiggy's Rs 11,327 crore initial public offer ( IPO ) was fully subscribed, ending with a strong 3.59 times subscription. The successful listing reflects the growing investor interest in the Indian tech sector and the potential of the online food delivery market.

To mark this milestone, Swiggy invited two of its delivery partners, Jigar Khan and Namrata Vora, to join the company's founders and management team at the National Stock Exchange. This symbolic gesture highlighted the crucial role played by delivery partners in the company's success and underscored Swiggy's commitment to recognizing their contributions.

As Swiggy embarks on its next chapter as a publicly-listed company, it aims to further strengthen its position in the Indian market and expand its services. The company's strong debut and the positive reception from investors augur well for its future growth. Both Zomato and Swiggy have been instrumental in shaping the Indian food delivery landscape. Their rivalry has led to increased innovation, better consumer experiences, and a more competitive market. The successful listing of Swiggy is a testament to the growth potential of the online food delivery sector in India.