The buzz around Swiggy’s upcoming IPO is growing as the online food delivery giant gets a green light from SEBI. Set to be one of the most anticipated IPOs of 2023, Swiggy is likely to launch its public offering in November. While the general public eagerly awaits the stock market debut, it appears that some of the biggest names from the worlds of sports and entertainment have already placed their bets.
The pre-IPO shares of Swiggy have been attracting significant attention from celebrities. According to reports, notable figures like Bollywood legend Amitabh Bachchan, director Karan Johar, and cricket stars Rahul Dravid and Zaheer Khan have already invested heavily in the company’s shares. Let’s explore the details of who’s betting big on Swiggy and why.
Celebrities Invest Big in Swiggy
Sources reveal that pre-IPO shares of Swiggy were actively traded in the unlisted market. Big names from the sports and entertainment industries bought nearly 200,000 shares of the company before it goes public. Among the high-profile investors are:
- Rahul Dravid: Former Indian cricketer known for his calm behavior and sharp investing acumen.
- Zaheer Khan: Another celebrated cricketer who has a knack for backing innovative ventures.
- Amitabh Bachchan: Bollywood’s superstar, who has been known for his strategic investment choices.
- Karan Johar: One of Bollywood’s top directors and producers.
- Madhuri Dixit Nene: The Bollywood icon has also taken a stake in Swiggy’s pre-IPO.
- Rohan Bopanna: Tennis star Rohan Bopanna joined the ranks of other sports personalities investing in Swiggy.
- Ashish Chaudhary: The actor and entrepreneur has also added Swiggy to his portfolio.
Why Are Celebrities Betting on Swiggy?
Several high-profile investors believe Swiggy’s constant innovation in food delivery and its expansion into grocery services make it a strong competitor in the rapidly growing Indian market.
Ashish Chaudhary, co-founder of Disruptive Ventures, explained, “Swiggy has significantly transformed India’s food delivery space. The company’s continuous innovation has helped maintain its market leadership.” Similarly, Zaheer Khan shared his belief in Swiggy’s robust business model, noting that it’s making a positive impact on society by offering convenient services to urban consumers.
Pre-IPO Craze: What It Means for Swiggy’s IPO
Swiggy has already raised funds from several global venture capital firms, including SoftBank Vision Fund, Excel, and Prosus. Additionally, the company raised funds in the secondary market, attracting key investors like Ramdev Agarwal, Chairman of Motilal Oswal Financial Services.
With the kind of backing it’s receiving from these investors, Swiggy’s IPO is expected to be a huge success. The pre-IPO excitement, especially from such well-known names, is a testament to the brand’s potential.
As Swiggy prepares to go public, it’s clear that the company’s IPO will be one of the most talked-about events in the stock market this year. With stars from Bollywood, cricket, and beyond already making their moves, the public is eagerly awaiting to join in on this investment frenzy.
