Zomato Founder Deepinder Goyal’s “Stress Eating” Order, Because IPO Today
As Zomato’s IPO opened today, the huge buzz and anticipation reflected in tweets by Deepinder Goyal, the founder of the food ordering app.
“Just ordered a triple breakfast @zomato. Stress eating,” Mr Goyal tweeted.
Just ordered a triple breakfast @zomato. Stress eating ????????
— Deepinder Goyal (@deepigoyal) July 14, 2021
That was an hour after his first tweet, wordless and just a smiley.
Zomato’s ₹ 9,375 crore initial public offering (IPO) opens for subscription today. The restaurant aggregator and food delivery company’s public issue will remain open for three days and shares will be offered in the price band of ₹ 72-76 per share.
Reactions poured in after Mr Goyal’s tweets.
“Make it large Deepi ! Best wishes for superb listing. Rooting for you man,” posted PayTM founder Vijay Shekhar Sharma.
Make it large Deepi !
Best wishes for superb listing. Rooting for you man ????????#ZomatoIPOhttps://t.co/ip11uQe6Ic
— Vijay Shekhar Sharma (@vijayshekhar) July 14, 2021
“All the best. My stress eating is aided by Zomato. Help with a share handout to special customers like me who share your coping behavior, to ease my discomfort,” wrote Monica Jasuja, Vice President, Product Management, Mobile Financial Solutions at Comviva.
“All the best Deep. And I order too much on Zomato…. Way too much!” – wrote Radhika Gupta, CEO, Edelweiss Asset Management Limited.
There were many reactions also to Zomato’s tweet.
mereko to aisa dhak dhak horela hai
— zomato (@zomato) July 14, 2021
The Zomato IPO will be the second largest share sale after the ₹ 10,355 crore IPO from SBI Cards and Payment Services last year. It will also be the first Indian mega startup to go public.
The IPO will consist of a fresh issue of ₹ 9,000 crore and an offer for sale of ₹ 375 crore by the promoter, Info Edge India.
Ahead of the IPO, Zomato raised ₹ 4,196.51 crore from 186 anchor investors.
Zomato was incorporated in 2008. Backed by China’s Ant Group, Zomato is one of the most prominent startups in the country today and also has a presence in 24 countries overseas.