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flag Amitabh Bachchan's family office invests in Swiggy ahead of IPO for quick commerce expansion.

flag Amitabh Bachchan's family office has invested in Swiggy, a prominent food delivery service in India, through the purchase of shares from the company's employees and early investors. flag The investment comes ahead of Swiggy's Initial Public Offering (IPO) targeting a valuation of around $15 billion to raise $1-1.2 billion. flag Swiggy aims to use the IPO proceeds to expand its quick commerce Instamart business and open more warehouses to better compete with Zomato. flag The strategic investment is expected to boost competition in the quick commerce space, where Swiggy will compete directly with Zomato and Zepto.

8 months ago
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