Swiggy IPO: Swiggy Attracts Celebrity Investors, Karan Johar and Rahul Dravid Join Madhuri Dixit Before IPO - Read Now

Demand for Swiggy shares has surged in the unlisted market. Reports indicate that over 200,000 shares have already been purchased before the official offering. This growing interest is fueled by the impressive returns seen from shares of Swiggy's rival, Zomato.

By Aayushi Dubey Sep 25, 2024, 16:33 IST

Swiggy IPO: Food delivery and quick commerce giant Swiggy is gearing up to launch an initial public offering (IPO) valued at over ₹10,000 crore. The market regulator, SEBI, has given the green light for this venture, and as excitement builds, several celebrities are stepping in to invest ahead of the IPO. Following Madhuri Dixit, both filmmaker Karan Johar and former cricketer Rahul Dravid have now joined the roster of high-profile investors.

Rising Demand for Swiggy Shares

Ahead of the IPO, demand for Swiggy shares has surged in the unlisted market. Reports indicate that over 200,000 shares have already been purchased before the official offering. This growing interest is fueled by the impressive returns seen from shares of Swiggy's rival, Zomato. With a substantial 47% market share in the food delivery segment, Swiggy is well-positioned for success, further enticing investors.

Celebrity Investments and Market Trends

While specific details about the investment amounts from Madhuri Dixit, Karan Johar, and Rahul Dravid remain undisclosed, the trend of Bollywood and sports personalities investing in Swiggy is notable. Other prominent figures, including Amitabh Bachchan, Zaheer Khan, and Rohan Bopanna, are also reportedly interested in the company. Ashish Chaudhary, founder of Disruptive Ventures, highlighted that investing in Swiggy is a lucrative opportunity, given its status as a market leader in the food delivery sector.

As Swiggy prepares for its IPO, analysts predict a positive outlook for the company. The growing popularity of food delivery services, combined with Swiggy's established market presence, suggests that the IPO could attract significant interest from both institutional and retail investors.

This wave of celebrity endorsements and investments not only enhances Swiggy's reputation but also reflects the increasing confidence in the food delivery sector's growth potential. With the backing of high-profile investors, Swiggy is poised to make a strong entry into the stock market, and many are eager to see how this will unfold.