Rivalry on D-Street: Is Swiggy IPO a threat to Zomato's blockbuster run at the bourses?

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.