Billionaire Raamdeo Agrawal picks up stake in IPO-bound Swiggy, Zepto

Dalal Street’s top stock picker and billionaire Raamdeo Agrawal of Motilal Oswal Financial Services, who has been bullish on quick commerce, has picked up stakes in IPO-bound Swiggy and another unicorn Zepto.

Agrawal’s interest in both the new-age businesses comes at a time when quick commerce is at an all-time high in terms of fundraising, an ET report said, adding that the family office of Bollywood superstar Amitabh Bachchan has also picked up a small stake in Swiggy by purchasing shares held by the food-delivery and quick-commerce firm’s employees and early investors.