00:00Online food delivery app Swiggy's IPO is getting ready to launch and a big news has come out about Swiggy.
00:08The news is that Big B's family office has bought a stake in Swiggy.
00:12At this time, buying a stake is considered to be very important.
00:16However, the sum of the deal has not been finalized yet.
00:19But there are some more details about the deal that we will try to know in this video.
00:25Actually, Big B Amitabh Bachchan's family office of Bollywood has bought a stake in Swiggy.
00:32According to media reports, the report has come out that Swiggy is an online food delivery company.
00:37In addition, the company also works on grocery delivery under the name of Swiggy Instamart within 10 minutes.
00:43Recently, the interest of investors in the quick commerce industry is increasing.
00:48In addition to Swiggy, Zomato and Zepto are also included in the online grocery sector.
00:52Swiggy and Zomato are also present in the online food delivery sector.
00:58Zomato is already a listed company on stock exchanges, while Swiggy IPO is preparing to be listed on the stock exchange.
01:05The evidence of this is that Swiggy IPO can raise up to 8500 to 10,000 crores from the capital market.
01:12The company is moving with a target of 15 billion dollar value.
01:16American investor Barron Capital has received a valuation of 14.74 billion dollars from Swiggy by June 2024.
01:23This year, in April 2024, Swiggy has also taken approval from the shareholders to launch the IPO.
01:29Before this, Ramdev Agarwal of Diggaj and Motilal Oswal Financial Services of the Indian stock market has also bought a stake in Swiggy and Zepto.
01:37Before the launch of the IPO, a big move is being seen in Swiggy's stock in the unlisted market.
01:43Earlier, Swiggy's stock was getting 350 rupees per share, which is now trading at about 450 rupees.
01:50And in this, the big news is that Swiggy's IPO was bought by Amitabh Bachchan, the head of Bollywood, before the launch.
02:00That's all in this video. What do you think about this news?
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