Amid the sensation surrounding the IPO of Food and Grocery delivery service major Swiggy, there’s more news that might generate a lot of investors’ confidence. Leading Indian entertainer and yesteryear film actor Madhuri Dixit has reportedly put her bets on the company ahead of its public market debut. Sources confirmed that Dixit purchased the shares with Ritesh Malik, the founder of Innov8, a co-working space. The total transaction amount was 3 crores which was the minimum investment. There were speculations that they invested 1.5 crores each and have become equal shareholders in Swiggy. The deal was reportedly facilitated by Swiggy’s investment banker Avendus. The shares were purchased from the secondary market. A secondary transaction is where an existing investor sells their holding to an incoming investor without the company’s involvement. There are speculations that Rs345 was paid for each share.

Lately, Ms Dixit has been the second investor after actor Amitabh Bachchan raking up Swiggy’s shares before its IPO. In August, Amitabh Bachchan reportedly placed his bets on the company.

Swiggy’s is slated for listing on the stock exchanges later this year in a massive $1.4 billion IPO. In FY24, its revenue grew 36 per cent from Rs 8265 crores to 11,247 crores. However, it also reported losses close to 2350 crores. Zomato, its competitor, currently commands a revenue of 12,114 crores while clocking a profit of 351 crores. The Food Delivery market in India is dominated by Swiggy and Zomato. Together they comprise 90-95% of the market.