Amitabh Bachchan Invests in Swiggy Ahead of IPO

Bollywood actor Amitabh Bachchan has acquired a minor stake in Swiggy, a food delivery and quick-commerce platform preparing for an Initial Public Offering (IPO). The stake was purchased from Swiggy's employees and early investors. Both Swiggy and Bachchan have not commented on this development.

Bollywood icon Amitabh Bachchan has reportedly made a strategic investment in the food delivery and quick-commerce platform Swiggy, which is gearing up for its Initial Public Offering (IPO). The investment was made through the purchase of shares from the company's employees and early investors, according to reliable sources.

Despite multiple attempts, Swiggy has declined to comment on the matter. Similarly, Amitabh Bachchan was unavailable for comment.

Swiggy recently received shareholder approval to raise Rs 10,414 crore through the issue of fresh equity shares and an offer for sale as part of its IPO efforts, slated for later this year.

(With inputs from agencies.)