Guess Which Celebrity Invested in Swiggy After Amitabh Bachchan?

Swiggy is getting ready for an IPO and hopes to raise $1.4 billion, which is about ₹11,664 crore.

By :  Bizz Buzz
Update:2024-09-28 15:10 IST

Well-known actress Madhuri Dixit has invested in Swiggy, joining Amitabh Bachchan, who made his investment in August.

Swiggy is getting ready for an IPO and hopes to raise $1.4 billion, which is about ₹11,664 crore. 

At first, Swiggy wanted to raise ₹3,750 crore (around $450 million), but now they’ve increased their goal to ₹5,000 crore (about $600 million).

This means they need an extra ₹1,250 crore.

With these new plans, they expect to raise around $1.4 billion, which is more than they thought they would get.

Financially, Swiggy did well in 2024. They reported a 36% increase in revenue compared to last year, reaching ₹11,247 crore.

They also managed to cut their losses by 44%, going from ₹4,179 crore down to ₹2,350 crore by spending better.

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