Top Celebrities, Including Big B, Dravid, and Karan Johar, Invest in Swiggy’s Pre-IPO Shares

A wave of high-profile celebrities from entertainment, sports, and business have secured stakes in Swiggy, the food and grocery delivery giant, through the unlisted market ahead of its anticipated IPO. Despite tough competition from rivals like Zomato and Zepto, Swiggy has attracted significant interest from prominent figures.

Recently, Swiggy’s pre-IPO shares have seen active trading, with around 200,000 shares being snapped up by notable individuals, according to insiders involved in the transactions.

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Among the new investors are cricket legends Rahul Dravid and Zaheer Khan, tennis ace Rohan Bopanna, film director and producer Karan Johar, and actor-entrepreneur Ashish Chowdhry.

“Swiggy has revolutionized the food delivery industry in India. Being part of their growth journey is both exciting and rewarding. Their innovation in both food delivery and grocery services has kept them ahead in a competitive market,” said Ashish Chowdhry, founder of Disrptve Ventures and a well-known actor.

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Swiggy has a history of drawing celebrity investors. Bollywood stars like Amitabh Bachchan, Madhuri Dixit Nene, and entrepreneur Ritesh Malik, founder of Innov8, have previously invested in the company’s pre-IPO rounds via the secondary market. Swiggy’s remarkable ascent in the food delivery space has solidified its position as one of India’s leading tech startups. The company’s growth extends beyond food delivery, as it explores new areas such as quick commerce and hyperlocal logistics.

“I believe in supporting innovative businesses that make a positive impact. Swiggy is more than just a growth opportunity; it’s a company reshaping urban living and consumer convenience,” said Zaheer Khan, former Indian cricket star, reflecting on his investment.

The influx of sports and entertainment stars investing in Swiggy’s pre-IPO shares highlights a growing trend where high-net-worth individuals diversify their portfolios by backing high-growth tech startups, noted one source familiar with the deals. Swiggy, with offerings like Swiggy Instamart, continues to be a strong bet for investors looking to ride the wave of the booming food-tech sector.

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Experts point out that pre-IPO investments are particularly attractive to celebrities, offering substantial upside once the company goes public. Zomato’s blockbuster 2021 IPO, where shares surged on listing, provided early investors with lucrative exits.

Swiggy’s IPO plans follow multiple successful fundraising rounds, which have seen backing from global venture capital powerhouses like SoftBank Vision Fund, Accel, and Prosus. The company has also raised funds through the secondary market, attracting a diverse investor base, including Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, and Hindustan Composites, a leading automobile materials manufacturer.