By Startup Story Team
BNP Paribas Makes Strategic Move with Swiggy Investment:
In a significant development in the Indian startup ecosystem, BNP Paribas, one of Europe’s leading financial institutions, has acquired Swiggy shares worth ₹122 crore through a block deal. This transaction took place on July 2, 2025, and signals a renewed interest from global investors in India’s fast-growing foodtech sector. The block deal was executed at a price of ₹377 per share on the unlisted market, slightly lower than Swiggy’s last estimated fair value of ₹383 per share.
Swiggy’s Market Value Nears ₹90,000 Crore:
The recent share acquisition places Swiggy’s overall valuation at approximately ₹89,781 crore ($10.7 billion), according to data from Tracxn. Swiggy has remained one of the top-valued startups in India, competing closely with its main rival Zomato in the online food delivery space. Despite not yet being listed publicly, Swiggy continues to attract strong institutional interest, especially as it prepares for a much-anticipated IPO in the near future.
IPO Hopes Rise Amidst Investor Interest:
The timing of this investment by BNP Paribas is particularly noteworthy, coming as Swiggy is reportedly gearing up for its IPO. With this strategic move, BNP Paribas has positioned itself early into one of India’s most valuable unicorns. Swiggy’s consistent growth, expanding service portfolio, and improving financials have made it a strong contender in the public market. The IPO buzz is expected to grow louder in the coming months, with investors closely watching every move.
