Madhuri Dixit invests in Swiggy, purchasing shares worth Rs 1.5 crore as part of a Rs 3 crore deal alongside Ritesh Malik, the founder of Innov8, according to media reports. This investment comes ahead of Swiggy’s anticipated IPO, which could raise close to USD 1.5 billion later this year, as per media sources.
The transaction, which involved buying shares at Rs 345 each, was facilitated by Avendus, Swiggy's investment banker, according to media reports. Dixit and Malik each contributed Rs 1.5 crore, signaling their confidence in the food delivery giant.
This investment follows a similar move by veteran actor Amitabh Bachchan, who acquired shares in Swiggy last month, looking to expand his portfolio beyond Zomato, as per media reports. Currently, the Indian food delivery sector is dominated by a duopoly, with Swiggy and Zomato commanding approximately 90-95 per cent of the market share, according to media sources.
Buying shares from the secondary market means that investors are purchasing existing shares from other investors, rather than acquiring new shares directly from the company, as per media reports.
