# Swiggy’s Pre-IPO Buzz: Celebrities and Investors Flock In
Several prominent celebrities, including Amitabh Bachchan, Karan Johar, and Madhuri Dixit, have shelled out for Swiggy’s pre-IPO shares in the unlisted market. This move comes as Swiggy, the renowned food delivery platform, gears up for its much-anticipated initial public offering (IPO). According to The Economic Times, around 200,000 shares have already been purchased by distinguished personalities, mainly from sports and entertainment.
## Global Venture Capital Firms Backing Swiggy
The food delivery giant’s IPO hasn’t just attracted local celebrities. Global investment giants, including SoftBank Vision Fund, Accel, and Prosus, have also shown faith in Swiggy. Furthermore, Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, has acquired a stake, adding considerable weight to Swiggy’s pre-IPO allure.
## Bollywood Stars and Business Leaders Join the Round
Not only cricketers like Rahul Dravid and Zaheer Khan have joined the fray, but Bollywood stars such as Madhuri Dixit Nene and Amitabh Bachchan, along with Innov8 founder Ritesh Malik, have also invested. The influx of capital from diverse investors like Karan Johar and tennis star Rohan Bopanna highlights a broader shift. More high-net-worth individuals are diversifying their portfolios into high-growth tech startups like Swiggy.
## SEBI Approval and Market Excitement
Swiggy’s IPO has reportedly garnered approval from the Securities and Exchange Board of India (SEBI), igniting excitement in the unlisted market. This has set the stage for a fervent response from both institutional and retail investors as the IPO date draws nearer.
## Swiggy’s Unlisted Market Surge
In recent months, Swiggy’s pre-IPO shares have soared in the unlisted market. For instance, the stock was trading around Rs 355 in July. However, a sharp 40% increase has seen the shares now priced at Rs 490. This surge significantly ramped up Swiggy’s market valuation from Rs 70,000 crore to an impressive Rs 1.16 lakh crore in under two months.
## Big Names in Swiggy IPO
Cricketers, filmmakers, and other celebrities have demonstrated substantial interest. Rahul Dravid, Zaheer Khan, Karan Johar, and actor-entrepreneur Ashish Chowdhry, founder of Disrptve Ventures, all invested. Their participation underscores a pivotal trend of varied investment choices among high-net-worth individuals.
## Anticipation in the Indian Market
Swiggy’s IPO is poised to be among the most highly anticipated events in the Indian market. The combination of local and global investor backing, coupled with celebrity endorsements, has stirred significant interest among prospective investors.
### Related Topics and Information:
For more information about investing abroad, visit [Financial Express](https://www.financialexpress.com/business/investing-abroad/).
For details on the upcoming Manba Finance IPO, check [here](https://www.financialexpress.com/market/ipo-news-manba-finance-ipo-2024-live-updates-ipo-allotment-gmp-listing-review-subscription-status-date-time-ipo-news-3621043/).
To read about a tourist turned billionaire in India, click [this link](https://www.financialexpress.com/life/lifestyle-this-billionaire-visited-india-as-a-tourist-and-built-a-rs-1-lakh-crore-business-empire-she-is-related-to-ratan-tata-she-is-3620900/).
In conclusion, with robust backing from distinguished investors and global firms, Swiggy’s impending IPO is creating quite the buzz. Its shares’ performance in the unlisted market suggests that both institutional and retail investors are eagerly awaiting the public offering, making it a monumental event in the financial landscape.
