Karan Johar Dismisses Reports of Him Investing In Swiggy, Calls It ‘Untrue’, Deets Inside

GlimmerVash

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posted on 1 month ago — updated on 1 second ago

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Karan Johar is all set to follow Sanjay Leela Bhansali’s footsteps and direct a big-budget web series for Netflix.

Karan Johar has recently grabbed attention after reports of him investing in Swiggy, an online food delivery service. Well, today he has officially issued a statement in which he has dismissed all such claims and called it untrue. The statement was released by Dharma Productions.

The statement reads, “Certain sections of the media are falsely reporting that Mr. Karan Johar has invested in Swiggy, the online food delivery service. These reports are untrue. Mr. Johar has not invested in Swiggy.” It is also being reported that Madhuri Dixit and Amitabh Bachchan have invested but nothing has been made official till now.

Swiggy is reportedly preparing for a massive IPO to raise $1.4 billion (approximately Rs 11,664 crore) in funds. The company was previously expected to raise Rs 3,750 crore (around $450 million) through a fresh issue. However, the fresh issue size has now reportedly been updated to Rs 5,000 crore (about $600 million), an increase of Rs 1,250 crore or $150 million, as the company readies a cash chest in a highly competitive market.

Meanwhile, Karan Johar is all set to follow Sanjay Leela Bhansali’s footsteps and direct a big-budget web series for Netflix. New reports claim that Karan Johar will make his OTT directorial debut soon. Karan Johar’s directorial prowess has already been proven over the years with projects like Kuch Kuch Hota Hai, Kabhi Khushi Kabhie Gham, Kabhie Alvida Na Kehna, My Name Is Khan, Ae Dil Hai Mushkil and Rocky Aur Rani Kii Prem Kahaani. Fans are now excited to see what Karan brings to OTT.

Pinkvilla quoted a source as saying, “After collaborating with Sanjay Leela Bhansali on HeeraMandi, this Karan Johar directorial is the next marquee project in Netflix’s repertoire. Karan will be the showrunner for this yet-untitled web series. The script is locked and the vision is to take it on the floor in the first quarter of 2025.” The source also mentioned that it will be a female-led project in terms of the star cast.

Meanwhile, Karan Johar is preparing for the release of Jigra. Karan has co-produced the project with Alia Bhatt. Karan and Alia are currently promoting Jigra.