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Superstar Amitabh Bachchan’s family office has bought a stake in the food-delivery company Swiggy. According to a Reuters news report, this comes amid the latter targeting a valuation of $15 billion for its upcoming IPO to raise $1-1.2 billion. The ambitious deal might also be fueled by increased demand for time-bound delivery services.
Amitabh Bachchan’s family office has reportedly bought shares held by the company’s employees and early investors. Raamdeo Agarwal, the Motilal Oswal Financial Services chairman, has also purchased a stake in Swiggy. Swiggy’s targeting of $15 billion for its upcoming IPO can make it one of the most extensive initial public offerings in 2024, at a time when the food-delivery company is competing neck-to-neck with Zomato.
Meanwhile, talking about Amitabh Bachchan, the megastar, is winning hearts with his quiz show Kaun Banega Crorepati. The show is in its 16th season and garners the same consistent love and adoration from the public. Big B’s interaction with the contestants is a delight to behold, and the show recently witnessed some emotionally high-octane moments, too. Amitabh Bachchan agreed to sponsor the treatment of contestant Nareshi Meena, who suffers from a brain tumor. She already won a whopping 50 lakhs on the show. However, the Zanjeer actor offered to help her extensively with the treatment.
