Archive · 16 Sep 2025
Swiggy Sells Rapido Stake to Improve Finances
Swiggy, a food delivery company, originally invested in Rapido, a ride-sharing service.
Because Rapido started delivering food, which competes with Swiggy, Swiggy is selling its stake in Rapido.
Dutch firm Prosus will likely buy Swiggy’s Rapido shares.
Selling the shares will give Swiggy more money to compete with other companies.
Swiggy is also losing money each month, so the sale should help the company stay afloat.
The sale is expected to increase Swiggy's cash reserves.
Swiggy is selling its 12% stake in Rapido.
Prosus, a Dutch firm, is expected to purchase most of the stake.
The sale could value Rapido at $2.5-2.7 billion.
Swiggy invested $180 million in Rapido in 2022.
The sale is intended to bolster Swiggy's cash reserves.
- Who
- Swiggy, Prosus, Zomato, Zepto, BigBasket
- What
- Swiggy is selling its Rapido stake to Prosus, a Dutch firm.
- When
- Sale expected to happen soon
- Where
- India
- Why
- To improve cash position, avoid conflict of interest with Rapido.
- Swiggy Stake Sale
- 12% of Rapido
- Swiggy's Initial Investment (2022)
- $180 million
- Rapido Valuation (Proposed)
- $2.5-2.7 billion
- Swiggy's Potential Earnings From Sale
- ~$320 million (~₹2,825 crore)
- Swiggy's Cash Reserves (End of June Quarter)
- ₹5,354 crore
- Swiggy's Burn Rate (June Quarter)
- ₹1,053 crore
