Now Madhuri Dixit will earn from Swiggy, she invested a huge amount before the IPO
Swiggy IPO: There has been a huge buzz in the market regarding the IPO of online food delivery platform Swiggy. The company may launch its IPO in the market in December this year. As per the information, Swiggy’s IPO is valued at around Rs 11,000 crore and after the IPO, the company’s valuation is expected to be Rs 1.25 lakh crore. Amid the news of the company’s IPO, now Madhuri Dixit’s heart has also fallen on the company. She placed a huge bet on Swiggy even before the IPO.
He is said to have bought shares of Swiggy worth crores. Earlier, Amitabh Bachchan and Motilal Oswal Financial Services Chairman Ramdev Aggarwal also invested in Swiggy.
Madhuri invested millions of millions
Money Control claimed in its report citing sources that Madhuri Dixit made this deal at the rate of Rs 345 per share. Bollywood superstar Madhuri Dixit has struck this deal with Innov8 founder Ritesh Malik from the secondary market. Innov8 is a coworking space company, which was later bought by Oyo. Madhuri Dixit and Ritesh Malik bought shares worth around Rs 3 crore. Both of them have invested Rs 1.5 crore each.
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Both of them usually invest along with Dr Shriram Nene. Sources have informed that he made this transaction with the help of Swiggy’s investment banker Avendus. The secondary transaction happens when an existing investor of a company wants to sell its shares. The company has no role in this deal.
This is how they make money
Shriram Nene said that the startup system has seen a boom in the US. This is just starting in India. Madhuri Dixit and I are together exploring possibilities in companies that are not yet listed. Most of the investments are just financial. If reports are to be believed, Madhuri Dixit’s net worth is around Rs 250 crore. She charges around Rs 4-5 crore for making a film. Not only this, she charges around Rs 24-25 crore per season for judging a reality show. Besides, she also endorses many brands. Madhuri charges around Rs 8 crore for promoting a brand.
In FY24, Swiggy’s losses narrowed 43 per cent to Rs 2,350 crore, driven by accelerated growth of its instant commerce and food delivery arm, Instamart. Revenue from operations grew 36 per cent to Rs 11,247 crore in FY24.
