Swiggy, Info Edge Stocks Climb as Eternal Rallies: What’s Fueling Investor Confidence

Shares of food delivery giant Swiggy’s investors and early backers like Info Edge saw a notable jump today, as Eternal—a key promoter group of Zomato—continued its upward rally in the stock market. This surge has sparked conversations around renewed investor interest in India’s tech and consumer internet space, especially ahead of Swiggy’s anticipated IPO.

What’s Driving the Momentum

Eternal, the holding company connected to Zomato, jumped over 20% in just two trading sessions, sparking a ripple effect on related entities. Swiggy’s market movements and its perceived valuation in the unlisted space began attracting attention after reports hinted at progress in its IPO preparations.

Info Edge, a major stakeholder in various internet companies, rose by 4–5% as traders bet on higher valuations and potential gains from their Swiggy investment. Similarly, SoftBank-backed shares in the ecosystem also saw increased activity.

Investor Optimism Builds Ahead of Swiggy IPO

The renewed focus on Swiggy is largely driven by market speculation that the company’s public listing may be back on track. With Zomato’s stock performing better recently and food delivery volumes stabilizing post-COVID, the environment looks more supportive than it did last year.

For investors in Tier 2 cities—like Pune, Indore, and Ahmedabad—where both Zomato and Swiggy have deep consumer penetration, this also brings retail interest into tech IPOs. Traders from these regions are becoming more active in tech and startup stocks, viewing them as part of India’s next growth wave.

How Info Edge Benefits

Info Edge has long positioned itself as a significant player in India’s startup ecosystem, with stakes in companies like Policybazaar, Zomato, and Swiggy. The latest market reaction shows that investors are factoring in the potential listing gains and better-than-expected performance from its portfolio companies.

This is particularly relevant for retail and small institutional investors who track startup-heavy funds or invest in stocks like Info Edge to indirectly benefit from startup IPOs.

What to Watch Next

Market analysts caution that while the current momentum is strong, it’s largely sentiment-driven. Concrete IPO timelines or revised valuations from Swiggy will determine how sustainable this rally is. Investors should also keep an eye on regulatory updates and broader market trends, especially in tech-heavy portfolios.

Conclusion: Sentiment is Up, but Fundamentals Will Decide

The rally in Eternal and the spillover to Swiggy-linked stocks like Info Edge highlight rising optimism in India’s digital economy. But as always, for investors across metros and Tier 2 cities alike, it’s crucial to balance hype with data. The Swiggy IPO buzz has reignited interest, but the next steps from the company will be key to sustaining this wave.