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‘You and I... In this beautiful world,’ Zomato celebrates Swiggy’s IPO with heartfelt tweet

Livemint · 3m

Indian food delivery giants Zomato and Swiggy showcased a rare moment of camaraderie as Swiggy launched its highly anticipated IPO. Zomato tweeted a picture of their delivery personnel standing together, gazing at the Bombay Stock Exchange building adorned with a "Now Listed Swiggy" banner. Swiggy's IPO opened at ₹420 on the National Stock Exchange, a 7.69% increase over the IPO price of ₹390. Despite cautious market conditions, Swiggy's IPO was oversubscribed 3.59 times and received strong backing from investors. The successful debut is viewed as a testament to the growth potential of India's digital economy and food delivery market.