Rivalry on D-Street: Is Swiggy IPO a threat to Zomato's blockbuster run at the bourses?
03 October 2024
As Swiggy gears up for its Rs 10,000 crore ($1.2 billion) IPO, its fierce rivalry with Zomato is set to spill over onto Dalal Street, with both companies likely competing to capture investor interest.
With a market share of around 58% in the food delivery business and 40-45% in quick commerce, Zomato is currently the market leader in both segments. However, the competitive landscape could shift once Swiggy hits the public market and improves its performance under heightened scrutiny.
As Swiggy gears up for its Rs 10,000 crore ($1.2 billion) IPO, its fierce rivalry with Zomato is set to spill over onto Dalal Street, with both companies likely competing to capture investor interest.
With a market share of around 58% in the food delivery business and 40-45% in quick commerce, Zomato is currently the market leader in both segments. However, the competitive landscape could shift once Swiggy hits the public market and improves its performance under heightened scrutiny.
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