Bollywood megastar Amitabh Bachchan along with his son Abhishek Bachchan has invested $250,000 in Meridian TechPte limited, a free cloud storage, micro-payment and e-distribution company from Singapore.
Platform is named as Ziddu.com. Venkata Srinivas Meenavalli, founder and CE of this company shared that Bachchans will invest some more money in the business in the coming days.
Meenavalli said, "We are expecting a growth of 50% in revenues this year. I am very happy and excited that Amitabh Bachchan has reposed confidence and trust in Ziddu.com."
"They will get some minority stake (less than single digit) in the company. They are expected to invest more once the RBI norms are enhanced (with regard to Liberalised Remittance Scheme (LRS))," he further added.
The duo has invested $125,000 each in the business.