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
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Before joining Swiggy Instamart, Amitesh Jha was with Flipkart, where he was instrumental in making Flipkart and ecommerce mainstream in India
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The amounts involved in these deals are said to be substantial for individual investors, though specific figures have not yet been revealed
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As per Reuters, Swiggy is preparing for one of India's largest IPOs this year, targeting a valuation of around USD 15 billion
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Himavant Srikrishna Kurnala, Mayank Rajvaidya, Manu Sasidharan and Kumar Rahul join Swiggy in leadership roles
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Initially implemented in Bengaluru and Delhi, this fee is separate from delivery charges, GST, restaurant fees, and other associated expenses, as per media reports
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Felicity was founded in 2023 by ex-Swiggy executive Anurag Choudhary with an aim to become India’s leading mobile game publisher
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With 58 per cent of users seeking assistance in meal selection and 68 per cent relying on peer recommendations, Swiggy aims to streamline the process of discovering and sharing food choices, enhancing convenience and variety for its users
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This marks a 24 per cent rise from Baron's previous valuation of USD 12.2 billion as of March 31
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