Billionaire Raamdeo Agrawal picks up stake in IPO-bound Swiggy, Zepto
By
Binu Mathew
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.