Food delivery company Swiggy’s highly anticipated IPO has received approval from the market regulator SEBI. Investors are eagerly waiting for this IPO, and before its launch, many celebrities from the world of cricket and cinema are rushing to buy Swiggy shares. Rahul Dravid to Amitabh Bachchan have already invested in Swiggy before the IPO.
Massive IPO Expected in November
Swiggy plans to raise over 1 billion dollars through its IPO, which is more than ₹8,350 crores in Indian currency. This will make Swiggy one of the biggest startup IPOs in India. According to reports, SEBI has approved Swiggy’s IPO draft, and the company may launch the IPO in early November.
Celebrities Bought 2 Lakh Shares
Even before the IPO, there is a lot of buzz in the market. Swiggy has already received investments from several big celebrities during its pre-IPO placement. According to a report by ET, around 2 lakh Swiggy shares have already been purchased by various celebrities in the unlisted market. Sources involved in the deal say that Swiggy has recently attracted investments from many well-known people.
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These Celebrities Have Invested in Swiggy
Before the IPO, many celebrities have already invested in Swiggy. These include former cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, film producer-director Karan Johar, and actor Ashish Chaudhary. Bollywood superstar Amitabh Bachchan and actress Madhuri Dixit Nene are also among Swiggy’s investors. Entrepreneur Ritesh Malik has also made pre-IPO investments in Swiggy.
Big Investors Have Also Shown Confidence
Before its IPO, Swiggy has gained the trust of many big investors. Before planning the IPO, Swiggy raised funds from global venture capital firms like SoftBank Vision Fund, Accel, and Prosus in various funding rounds. Motilal Oswal Financial Services Chairman Ramdeo Agrawal has also bought a stake in Swiggy. Even Hindustan Composites, an auto parts manufacturing company, has invested in Swiggy.
