Zomato congratulated rival Swiggy on its stock market debut, showcasing rare cooperation in the food delivery sector.

Zomato extended congratulations to rival Swiggy on its stock market debut, sharing a friendly social media post featuring both companies' delivery personnel. Despite being competitors, Zomato's gesture highlighted a spirit of cooperation within the food delivery industry. Swiggy's shares opened 7.69% higher than the IPO price, though brokerage opinions on the companies remain mixed.

November 13, 2024
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