Amitabh Bachchan to Rahul Dravid: Know the star-studded lineup of Swiggy’s celebrity investors as IPO nears
Swiggy gears up for its high-profile IPO next week, anticipation is high among its celebrity investors, who acquired stakes in the food delivery giant early on. These high-profile stakeholders could stand to benefit significantly from a successful market debut as Swiggy transitions from a private entity to a publicly traded company.
A host of celebrities from entertainment and sports have bet on India's food and grocery delivery market, hoping that Swiggy would capture the lion's share of the market.
According to a report, the online food delivery market is expected to grow at 20% during CY23-28, largely led by user CAGR of 8-10%.
Grocery would remain the dominant category for quick commerce with a 60% share. However, quick commerce, which is a mere 0.3% of India’s retail market, could grow a share of 2-3%, led by 60-80% growth rates (Source: Elara Capital).
Leading up to the IPO, Swiggy's shares were actively traded in the unlisted market, with notable cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, studio owner Karan Johar, and actor and entrepreneur Ashish Chowdhry owning a piece of the company.
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