Zomato congratulated Swiggy on its stock market debut with a warm shoutout on X, posting a photo of delivery partners from both companies in front of the Bombay Stock Exchange.
Zomato's CEO, Deepinder Goyal, praised Swiggy, calling it the best company to serve India. Swiggy's IPO opened at Rs 420, marking a 7.69% rise from the IPO price of Rs 390. By 11:53 AM, the stock reached Rs 442.35. Swiggy raised Rs 11,327 crore with strong institutional investor interest, outperforming expectations.