Swiggy IPO listing: Zomato CEO Deepinder Goyal's reaction goes viral, internet says 'bhaichara wins'
Swiggy IPO listing has grabbed headlines. Its entry into the world of stock market has triggered a reaction from Zomato CEO Deepinder Goyal. The Gurgaon-based businessman took to X and congratulated Swiggy.
Swiggy, a food delivery service, made a spectacular stock market debut and earned headlines. In addition to startling investors, Swiggy's foray into the IPO listing market additionally prompted a response from rival Zomato and CEO Deepinder Goyal. While Zomato¡¯s reaction from its official page might be wholesome, Deepinder's reaction from his own X account has taken the spotlight!
Zomato and CEO Deepinder Goyal reacts to Swiggy IPO Listing
Taking to X, the Zomato CEO shared a post from his company¡¯s page and wrote, ¡°Congratulations @swiggy! Couldn't have asked for a better company to serve India with.¡±
Congratulations @swiggy!
¡ª Deepinder Goyal (@deepigoyal) November 13, 2024
Couldn't have asked for a better company to serve India with. https://t.co/ZgU5tIt1pW
This post has left the internet impressed. While some feel it might be a marketing game, the others said its a healthy competition and called it ¡®Bhaichara.¡¯
One wrote, ¡°Both are joining hands & increasing platform price.... End of the day Customers paying price for this friendship.¡±
You guys never missed any chance to show your marketing genius!
¡ª Amit Misra (@amit6060) November 13, 2024
Bhaichara wins!?Well done, Zomato!?
Another added, ¡°Marketing game on in spite of rivalry.¡±
A third went on to add, ¡°Ab pyar mohabbat me platform fees mat badha dena.¡±
Ab pyar mohabbat m platform fees mat badha dena ??
¡ª Digvijay Singh Rathore (@digvijay2590) November 13, 2024
Supporters also praised Deepinder¡¯s tweet and said that it's great for two competitors to create a healthy environment.
Happy to see healthy competition. I hope both companies will inspire each other to do better.
¡ª Kshitij Malve ?? (@KshitijAMalve) November 13, 2024
Swiggy IPO Listing
After its listing on Wednesday, November 13, the Swiggy IPO will unlock employee stock option plans (ESOPs) worth Rs 9,000 crore, making around 500 of its employees "crorepatis," according to an Economic Times report.
After its initial public offering - IPO on D-street had closed, Swiggy shares were listed for Rs 412 on the BSE, which represents a premium of Rs 22, or 5.6%, above the Rs 390 IPO allotment price.
Similarly, Swiggy's shares began at Rs 420 on the National Stock Exchange (NSE), which was Rs 30 higher than its IPO allotted price, or 7.6 percent higher.
Also read: Swiggy IPO Listing: Internet reacts with hilarious memes, and even competitor Zomato joins in
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Iraa Paul writes for Indiatimes Entertainment section - She has equal passion for hot coffee and hot OTT content. She is a pro at suggesting movies and series to watch on the weekend or when you are having a bad day.
