The recent IPO listing of Swiggy, India’s leading food delivery platform, has triggered a wave of excitement in the Indian tech sector. Now, Zerodha founder Nithin Kamath also posted on X (formerly known as Twitter) to celebrate this milestone and reflect on the trajectory of Indian technology startups.
Kamath shared a post on X he originally posted in 2019, which stated, “Crazy…Indian markets… We need Jio, Ola, Swiggy, Paytm (and many more!) to IPO and get millennials consuming.” This throwback tweet highlights Kamath’s foresight in recognising the potential of these homegrown brands to revolutionise consumer behaviour and drive growth in the Indian market.
Read the post here:
“Congrats to @Swiggy on the listing. I had tweeted this in 2019 when we had very few aspirational brands worth investing in. But since then, it’s crazy how much the Indian markets have changed in terms of the companies, the investor base, etc. I hope we see more homegrown brands IPO in the coming years.”
Notably, three of the companies mentioned in Kamath’s 2019 tweet – Paytm, Ola, and Swiggy – have now successfully completed their initial public offerings. This underlines the rapid growth and maturity of the Indian tech ecosystem in recent years.
User reactions
Kamath’s post sparked a positive online conversation. Many users echoed his sentiment, applauding Swiggy’s success and the impact of these innovative companies on the Indian economy. Here are some user reactions:
“Indeed, @Swiggy’s listing is like watching a local street food vendor suddenly opening a franchise in every major city across the galaxy! The Indian markets are evolving faster than the plot of a sci-fi series. Here’s to hoping the future brings more homegrown brands to the spaceport of public investment, each one more innovative than the last, turning household names into stock market stars.”
“Swiggy’s listing feels like just the tip of the iceberg for India’s new-age brands. I’m rooting for a future where homegrown companies dominate the investment scene.”
“Hope they turn profitable and become a sustainable profit earning brand”
“zerodha is also a brand you know. You should also get listed.”
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