Public market-bound new-age companies, especially those in the quick-commerce sector, are becoming top investment choices for wealthy individuals. Notably, the family office of Bollywood superstar Amitabh Bachchan has acquired a small stake in Swiggy by purchasing shares from the food delivery and quick-commerce company’s employees and early investors.
Motilal Oswal Financial Services chairman Raamdeo Agrawal has also invested in Swiggy at a time when quick commerce is experiencing a surge in fundraising. Agrawal further expanded his portfolio by acquiring a stake in Zepto during its recent $665 million funding round.
Although the exact investment amounts by Bachchan and Agrawal remain undisclosed, sources indicate that these are substantial investments for individual investors. The transactions were reportedly based on a valuation of approximately $10-11 billion for Swiggy, highlighting the rapid growth and promising future of the quick-commerce sector.
Agrawal’s investments in both Swiggy, which operates the Instamart quick-commerce platform, and Zepto reflect the strong growth potential seen in this industry. The rising popularity of quick-commerce platforms has attracted significant attention from investors, fueled by the success of Swiggy’s rival, Zomato, and its Blinkit platform.
Both Swiggy and Zepto are reportedly preparing for public listings, with Swiggy in advanced stages of planning and Zepto outlining its IPO ambitions for the coming years. The rapid expansion and innovation within the quick-commerce sector have made these companies attractive bets for investors looking to capitalize on the evolving market dynamics.