Big B’s family office picks up small stake in Swiggy

Amitabh Bachchan’s Family Office Invests in Swiggy.

Expert Analysis:

• High-Profile Investments: Swiggy attracted investments from Amitabh Bachchan's family office and Motilal Oswal Financial Services chairman Raamdeo Agrawal

• Competitive Landscape: The quick-commerce sector is rapidly expanding, with Zepto raising $665 million and reaching a $5 billion valuation.

• IPO Preparation: Swiggy is preparing for a $1.25 billion IPO, reflecting market confidence in its prospects.

• Swiggy's Valuation and Revenue: Swiggy investor 360 One WAM valued the company at $11.5 billion as of June, with Swiggy recording Rs 7,474 crore in revenue in H1 FY2024.

• Impact of Zomato’s Stock Surge: A recent surge in Zomato’s stock has also influenced Swiggy’s valuation.