Deepika Padukone’s INR 30 Crore Investment Success
Renowned Bollywood actress Deepika Padukone, known for her blockbuster movies, isn’t just a successful artist but also a savvy businesswoman. In 2019, she made a significant investment of INR 30 crore in an electric vehicle ride-sharing startup. The startup, co-founded by Anmol Singh Jaggi, Puneet Jaggi, and Puneet Goyal, offers eco-friendly transportation solutions using electric vehicles.
The startup has gained substantial traction in India’s ride-sharing landscape due to the growing demand for electric vehicles, driven by their eco-friendly and cost-efficient attributes. With an annual revenue exceeding INR 30 crore, they operate in major metro cities like Delhi, Mumbai, and Bengaluru, garnering a loyal customer base.
Deepika Padukone’s investment in them has proven to be a smart move, as the startup recently secured INR 300 crore in its second funding round, catapulting its valuation to approximately INR 2,066 crore. This surge in value not only positions the startup as a formidable competitor to ride-sharing giants like Ola and Uber but also challenges Tata’s dominance in the electric vehicle market.
Deepika Padukone, through her family office, has made strategic investments in various companies. Her foray into the business world showcases her astute financial acumen and commitment to supporting innovative ventures.
Re-reported from the article originally published in News18
