Bollywood actor Sidharth Malhotra has joined the ranks of celebrity investors backing food delivery giant Swiggy ahead of its highly anticipated IPO. According to media reports, Malhotra made the investment through equity shares via his home office, though the exact amount remains undisclosed.
Swiggy’s growth and expansion into areas beyond food delivery, such as quick commerce and hyperlocal logistics, have attracted a slew of high-profile investors. Malhotra is part of a broader trend of celebrities—spanning sports and entertainment—supporting Swiggy by acquiring pre-IPO shares in the unlisted market.
In addition to Malhotra, other notable figures backing Swiggy include cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, and filmmaker Karan Johar. Swiggy has seen continuous support from Bollywood over the years, with Amitabh Bachchan and Madhuri Dixit Nene also investing in previous rounds.
Swiggy’s upcoming IPO has garnered significant attention due to the company’s successful funding rounds, with backing from major venture capital firms such as SoftBank Vision Fund, Accel, and Prosus. With fierce competition from rivals like Zomato and Zepto, Swiggy is positioning itself as one of India’s leading tech startups as it prepares to go public.
Key Highlights:-
1. Sidharth Malhotra has invested in Swiggy ahead of its IPO, joining a group of high-profile celebrity investors.
2. Other investors include Rahul Dravid, Zaheer Khan, Karan Johar, and Rohan Bopanna.
3. Swiggy’s IPO follows successful funding rounds with backing from global venture capital firms.
4. Swiggy has diversified beyond food delivery, strengthening its position in quick commerce and hyperlocal logistics.
