Shares of online food ordering and delivery company Swiggy Ltd debuted on stock exchanges on Wednesday, November 13, 2024. Celebrating the initial public offering (IPO) of Swiggy, rival food delivery company and restaurant aggregator Zomato dedicated a special creative and shared it on its social media handles. In the picture, two people symbolizing companies Zomato and Swiggy are standing next to each other in front of the Bombay Stock Exchange (BSE) building with the words ‘Now Listed…Swiggy’ written on them. The caption of the Instagram post reads, “You and me… in this beautiful world.”
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A post shared by Zomato (@zomato)
Swiggy responded by commenting, “This is giving Jai and Veeru.”
Instagram users appreciated the gesture and shared their reactions in the comments section.
One user wrote, “I love how Zomato doesn’t shy away from praising its competitors – class and humor in the same frame!”
Another said, “Let’s have a party now dono.” Finding the sentiment sweet, one user said, “This took me by surprise.”
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One wrote, “Didn’t expect this from you!! Congratulations.” Another chimed in, “Zweigato is real.”
In July 2021, Zomato shared a similar creative on social media after going public. The caption reads, “From ‘one day’ to ‘first day’.” Now, Zomato has included Swiggy in the same artwork in its latest post. See the original post here.
Swiggy shares opened 7.7% higher in pre-open trade on Wednesday. The stock is listed on India’s National Stock Exchange at Rs 420 ($4.98), compared to its issue price of Rs 390.
