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Hindustan Composites invests Rs 5.2 crore in Swiggy

Economic Times · 7m

Automobile materials manufacturer Hindustan Composites Ltd has invested Rs 5.17 crore in Swiggy. The company purchased 1.5 lakh shares of Swiggy, joining other investors in the food delivery and quick-commerce major. Swiggy has filed for a $1.25 billion IPO and has received investments from Amitabh Bachchan's family office and Raamdeo Agrawal, among others. The valuation of Swiggy has reportedly reached $11.5 billion, with the latest investment round valuing it at $10.7 billion. Hindustan Composites' investment further strengthens Swiggy's position in the market.