Key Points
Bollywood superstar Amitabh Bachchans family office has reportedly picked a small stake in food delivery and quick commerce company Swiggy..
This comes after reports that the company is aiming for an initial public offering, targeting a valuation of $15 billion...
According to a report in The Economic Times, Bachchans family office picked up the stake by purchasing shares held by the companys employees and early investors..
SoftBank-backed Swiggy is targeting a valuation of approximately $15 billion for its upcoming stock market offering to raise $1-1.2 billion, according to a report in news agency Reuters that quoted sources..
In April, Swiggy received shareholder approval for an IPO to raise up to $1.25 billion, and its confidential filing is expected to be cleared by the Indian markets regulator soon..
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