The Bachchans family has invested in a Singapore based cloud storage and e-distribution startup, Ziddu, at a valuation of $71 million.
The family has gathered a minority stake in the eight-year-old startup. The Bachchans picked up the shares of Ziddu for $252,000 using cash from two accounts (one is Amitabh Bachchan’s account and another is a joint account with Abhishek Bachchan).
The Bachchans had to use funds in their overseas accounts to wind up the deal as banks in India needed a notification from RBI to transfer the amount.
Recently, the celebrities are seen to fancy startup funding, Yuvraj Singh’s YouWeCan Venture invested in Vyomo, an on-demand mobile platform for salons, spas and stylists, A R Rahman and Shekhar Kapur invested in creative social network Qyuki Pivots, Salman Khan invested in Yatra, Karishma Kapoor in Babyoye, Shilpa Shetty Launches Group Buying Real Estate Ecommerce Company, Cricketer Zaheer Khan invests in Exclusively.
[Image source- Wikipedia]