Breaking the “jinx” of confidential IPO filings: Swiggy’s Sriharsha Majety on running a newly listed company
Live MintRecently listed food and grocery delivery firm Swiggy said it believes it has broken the “jinx" of making a confidential initial public offering filing with the markets regulator after successfully going public, its co-founder and chief executive Sriharsha Majety told Mint. Swiggy said it noticed a concerted “inorganic" sentiment on social media against the company in the run up to its IPO, Majety said while describing some challenges the company faced before listing. Roughly two weeks after the company went public, Swiggy’s Majety spoke to Mint about the differences between running a public and private company, the impact of negative social media campaigns, and how Majety’s quieter personality is perceived among a bunch of more flamboyant founders. It's primarily an exclusive private members’ concierge that also gives you exclusive access to events and the community, hinged on hyper convenience for a slightly narrower audience than the overall Swiggy audience.
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