Several high-profile celebrities including Amitabh Bachchan, Karan Johar, Madhuri Dixit, Rahul Dravid and Zaheer Khan have invested in Swiggy’s pre-IPO shares via the unlisted market, as the food delivery platform prepares for its highly anticipated initial public offering (IPO). According to The Economic Times, around 200,000 shares of Swiggy have already been acquired by notable individuals, primarily from the sports and entertainment sectors.
Big Names in Swiggy IPO
Among the investors are cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, filmmaker Karan Johar, and actor-entrepreneur Ashish Chowdhry, founder of Disrptve Ventures.
The growing interest in Swiggy from these prominent figures points to a broader trend where high-net-worth individuals are increasingly diversifying their portfolios by investing in high-growth tech startups.
Bollywood Stars and Business Leaders Join the Round
Other investors in Swiggy’s pre-IPO rounds include Bollywood stars Madhuri Dixit Nene and Amitabh Bachchan, as well as Innov8 founder Ritesh Malik. This recent influx of capital comes as Swiggy continues to raise funds through secondary markets, attracting both local and international investors ahead of its public offering.
Global Venture Capital Firms Backing Swiggy
The food delivery giant’s IPO has attracted investments from several global venture capital heavyweights, including SoftBank Vision Fund, Accel, and Prosus. Additionally, Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, has also acquired a stake in the company, adding further weight to Swiggy’s pre-IPO appeal.
SEBI Approval and Market Excitement
Swiggy’s IPO has reportedly received approval from the Securities and Exchange Board of India (SEBI), generating excitement in the unlisted market. The company’s shares are expected to draw considerable attention from both institutional and retail investors as the IPO date approaches.
Swiggy’s Unlisted Market Surge
In recent months, Swiggy’s pre-IPO shares have seen a sharp rise in the unlisted market. In July, the stock was trading around Rs 355, but it has surged nearly 40% in just two months, currently commanding a price of Rs 490. This increase has significantly boosted the market value of the SoftBank and Prosus-backed company, which jumped from Rs 70,000 crore to Rs 1.16 lakh crore over the same period.
With strong backing from both local and global investors, Swiggy’s IPO is expected to be one of the most highly anticipated events in the Indian market, drawing further interest from both institutional and retail investors.