28 august 2024 : The family office of actor Amitabh Bachchan picked a small stake in quick commerce giant Swiggy, Economic Times reported. Details of the financial transaction remain undisclosed but significant, the report claimed. This comes amid increased interest in quick-commerce industry owing to growing demand for faster delivery services.
This comes after reports that the company is aiming for an initial public offering (IPO) targeting a valuation of $15 billion. Amitabh Bachchan’s family office picked up the stake by purchasing shares held by the company’s employees and early investors.