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

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

28 Aug 2024

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Key Takeaways

Swiggy's valuation rises amid significant investments and market trends, with its $1.25 billion IPO and high-profile investor backing.

Swiggy's valuation rises amid significant investments and market trends, with its $1.25 billion IPO and high-profile investor backing.

Swiggy

Swiggy

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Expert Analysis

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.

Publisher:The Ecoonomic Times