Zomato Welcomes Swiggy to the Stock Market: 'You and I...'

Swiggy IPO Listing: In a surprising and heartwarming twist to one of India’s fiercest corporate rivalries, Zomato extended a sweet gesture toward Swiggy on Wednesday as the latter made its debut on the stock exchanges.

In a post on X (formerly Twitter), Zomato shared, “You and I… In this beautiful world ❤️,” directly tagging Swiggy.

The message, a seemingly simple yet profound acknowledgement of their shared space in the world of online food delivery, struck a chord with audiences across social media.

In another post on X, It also said, ‘It’s giving jai and veeru’.

You and I… In this beautiful world ❤️ @Swiggy pic.

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com/sAFzd8z07E — zomato (@zomato) November 13, 2024 Swiggy, which had announced its long-anticipated initial public offering (IPO), was listed on the BSE and National Stock Exchange (NSE) today.

It made its entry with an 8% premium, debuting at Rs 412 per share against an issue price of Rs 390.

The listing reflects the market’s enthusiasm toward Swiggy, marking a major milestone in its growth story.

A Healthy Rivalry? Zomato and Swiggy, often locked in a competitive battle for the market’s top spot, have historically been vocal about their unique approaches to customer engagement, delivery innovation, and restaurant partnerships.

Both platforms are known for their lighthearted social media exchanges.

This level of camaraderie is not always common in corporate India, especially within industries as cutthroat as food delivery.

Swiggy’s IPO Journey and Market Reaction The Swiggy IPO listing was a much-anticipated event, with investors closely watching its journey, especially following the successful IPO of Zomato in 2021.

The issue price was set at Rs 390, and Swiggy’s shares opened on the BSE and NSE at Rs 412 — a robust 8% jump that indicates investor confidence in the brand’s growth prospects and resilience in an increasingly competitive space.

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