Famous Bollywood actress Madhuri Dixit has invested Rs 1.5 crore in Swiggy, one of India’s leading food delivery companies. This investment was part of a Rs 3 crore deal, where Dixit was joined by Ritesh Malik, the founder of Innov8. According to media reports, the investment signals confidence in Swiggy as it prepares for its upcoming IPO.
Madhuri Dixit Investment Details
The transaction involved both Madhuri Dixit and Ritesh Malik purchasing Swiggy shares at a price of Rs 345 per share. The deal was managed by Avendus, Swiggy’s investment banker. Each investor contributed Rs 1.5 crore, marking their belief in Swiggy’s strong position in the food delivery market.
This investment comes ahead of Swiggy’s IPO, which is expected to raise nearly USD 1.5 billion by the end of the year. This move highlights the growing interest in Swiggy as the food delivery market continues to expand in India.
Previous Celebrity Investments
Madhuri Dixit’s investment follows a similar move by actor Amitabh Bachchan, who also invested in Swiggy just last month. Bachchan, who had already invested in Zomato, expanded his portfolio by acquiring shares in Swiggy. The competition between Swiggy and Zomato dominates the Indian food delivery market, with the two companies holding about 90-95% market share.
Swiggy’s Market Position
Swiggy’s strong market presence and future IPO have attracted various investors looking to capitalize on the company’s success. The food delivery sector in India is experiencing rapid growth, and Swiggy is a significant player in this space. The company’s upcoming IPO is expected to bring in substantial investment, making it an attractive opportunity for investors like Madhuri Dixit and Ritesh Malik.
By purchasing shares from the secondary market, the investors are buying existing shares from other shareholders, rather than acquiring new shares directly from the company.
