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  3. Bollywood to cricket: Which celebs have lined up for Swiggy's blockbust…

Bollywood to cricket: Which celebs have lined up for Swiggy's blockbuster IPO

5 Oct 2024

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Key Takeaways

Swiggy's valuation has climbed to $13.3 billion, with an upcoming IPO poised to raise ₹10,000 crore. This surge highlights the company’s strong growth in both food delivery and quick-commerce, attracting significant interest from investors and celebrities alike.

Swiggy's valuation has climbed to $13.3 billion, with an upcoming IPO poised to raise ₹10,000 crore. This surge highlights the company’s strong growth in both food delivery and quick-commerce, attracting significant interest from investors and celebrities alike.

Swiggy

Swiggy

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Expert Analysis

  • Valuation Surge: Swiggy’s valuation has increased to $13.3 billion ahead of its much-anticipated IPO.

  • IPO Goal: The company is aiming to raise around ₹10,000 crore ($1.2 billion) from the public listing.

  • Investor Interest: The IPO has attracted attention from high-profile investors to Bollywood actors like Amitabh Bachchan and Madhuri Dixit, along with cricket legends Rahul Dravid, Zaheer Khan, and tennis star Rohan Bopanna, have all expressed interest in Swiggy’s upcoming IPO.

  • Business Growth: Swiggy has seen significant growth in both its food delivery and quick-commerce divisions, positioning it strongly for the IPO.

Publisher:India Today