Billionaire Raamdeo Agrawal picks up stake in IPO-bound Swiggy, Zepto

August 28, 2024

This news highlights Agrawal’s growing interest in emerging businesses, particularly as the quick commerce sector experiences significant momentum in fundraising. According to an ET report, the family office of Bollywood superstar Amitabh Bachchan has also acquired a small stake in Swiggy. This was done by purchasing shares from the food delivery and quick-commerce company’s employees and early investors, indicating continued confidence in the sector’s potential.

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ETMarkets Smart Talk| Markets at an inflection point; expect 40–50% gains over 36 months: ASK Hedge Solutions’ Vaibhav Sanghavi

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