Sidharth Malhotra Invests In Swiggy Ahead Of IPO

Bollywood actor Sidharth Malhotra has made an investment in Swiggy, as per media sources.

Malhotra is one of the early investors in the food tech giant which is gearing up for its upcoming IPO. While the exact figures of his investment remain undisclosed, it is understood that his contribution was made via equity shares through his home office.

The move is part of a growing trend in India's food tech sector, where several celebrities including sports stars and entertainment icons are investing in Swiggy’s pre-IPO shares in the unlisted market. Approximately 2,00,000 shares have already changed hands, with names like cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, filmmaker Karan Johar and actor-entrepreneur Ashish Chowdhry joining the roster.

Swiggy, which faces competition from rivals such as Zomato and Zepto has long attracted celebrity interest. Previously, Bollywood actors Amitabh Bachchan and Madhuri Dixit Nene alongside entrepreneur Ritesh Malik of Innov8 also invested in Swiggy during its pre-IPO rounds through the secondary market.

The upcoming IPO follows a series of successful funding rounds backed by heavyweight global venture capital companies like SoftBank Vision Fund, Accel and Prosus. Swiggy has also garnered attention in the secondary market from investors including Motilal Oswal Financial Services chairman Raamdeo Agrawal and Hindustan Composites, an automobile materials manufacturer.