Why Is Everyone From Amitabh Bachchan To Ramdev Showing Interest In Swiggy?

Why is everyone from Amitabh Bachchan to Ramdev showing interest in Swiggy?

Swiggy, an online food delivery company, is in the news these days. Seeing the success of the company, now everyone from Bollywood veteran Amitabh Bachchan to veteran investor Ramdev Aggarwal has also invested in Swiggy. It is a matter of thinking why the bigwigs are showing so much interest in the online food delivery company. Tell us what is the reason…

Swiggy will be launching an IPO soon. The aim is to raise around Rs 10,400 crore through this. After the IPO, the company’s valuation is expected to be Rs 1.25 lakh crore. Seeing this, big investors in the market are getting greedy.

Ramdev has also invested money here.

Amitabh Bachchan’s family office has completed this deal by buying shares from Swiggy employees and early investors. On the other hand, Ramdev Aggarwal had invested in fast-paced commerce company Zepto a month ago in a $665 million funding round. According to sources, both giants have invested huge amounts in Swiggy.

What does the company do?

Swiggy is India’s largest food technology company. It wants to achieve a valuation of $15 billion i.e. Rs 1.25 lakh crore through its IPO. According to media reports, Swiggy is preparing to raise between $1-2 billion i.e. approximately Rs 10,400 crore through its IPO. If this happens, it will be India’s largest IPO so far. Swiggy is also backed by famous Japanese investor Masayoshi Son, SoftBank. The company wants to leverage its strong presence in India and the growing demand for home food delivery. The company is seeing good demand for its unlisted shares.

Swiggy is competing with this platform

Swiggy has been giving tough competition to Zomato in the Indian food delivery market for the past few years. According to Reuters, the company has expanded its business in the past few years. The company now also offers grocery delivery through Instamart and pickup and delivery services through Swiggy Genie.

Swiggy’s IPO will be one of the largest IPOs in the Indian technology sector. This IPO reflects the company’s growth story and business expansion strategy. The capital raised from the IPO will be used to expand services, enhance technology infrastructure and enter new markets.