Best SEBI registered RA firm. Swiggy’s reclusive CEO Sriharsha Majety makes rare public appearance at IPO debut
Majety has largely avoided the limelight, a sharp contrast to his counterpart Deepinder Goyal, Zomato’s CEO, who is known for his active social media presence and public appearances.
Swiggy CEO Sriharsha Majety, known for his low-profile presence, made a rare public appearance today during Swiggy’s highly anticipated stock market debut. Majety joined his leadership team at the National Stock Exchange (NSE) in Mumbai for the IPO listing ceremony, a notable moment for the billion-dollar food delivery company.
Majety has largely avoided the limelight, unlike his Zomato counterpart Deepinder Goyal, who is active in social media and makes frequent public appearances. At the ceremony, Majety recalled how Swiggy’s journey started unexpectedly during his time at IIM Calcutta, Hindustan Times reported.
Swiggy vs Zomato
The IPO launch positions Swiggy in direct competition with listed rival Zomato and privately-owned Zepto in India’s booming food delivery and quick-commerce sector. However, analysts remain cautious, noting Swiggy’s current market standing. “I don’t expect a bumper listing as the broader market is extremely weak,” said Aditya Shah, founder of Mumbai-based Hercules Advisors. “Swiggy lags Zomato in most operating metrics, which is a dampener.”
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13 Nov 2024, 02:19 PM IST
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