As per a Hindustan Times report, the family office of Amitabh Bachchan has invested in quick commerce giant Swiggy.
As per the report, Bachchan's family office bought shares from Swiggy's employees and early investors.
Credits: X/Swiggy
While the financial details of the investment remain undisclosed, this move is being viewed as a strategic investment in the company's growth.
Experts believe this move can boost competition in the quick commerce space.
Besides the Bachchan family, billionaire Raamdeo Agrawal, chairman of Motilal Oswal Group, also bought a stake in Swiggy in July.
Credits: Canva
The timing of this investment is crucial as it comes ahead of Swiggy’s IPO. The company is targeting a valuation of $15 billion in its IPO.
Credits: Canva
Over the years, Amitabh Bachchan has been investing in real estate. As per reports, he has bought properties worth ₹100 crore in the last year.
Credits: Canva
The most notable of them is the 10,000 sq ft plot worth ₹14.5 crore that he bought in Ayodhya earlier this year.