Archive · 24 Sep 2025
Rapido Eyes $550 Mn Funding Round After Swiggy Stake Sale
Rapido, a ride-hailing service, is planning to raise between $500 and $550 million in new funding.
This news comes after Swiggy, a food delivery company, agreed to sell its shares in Rapido for $270 million.
The main part of this new funding round will be around $300 million.
Investors like Prosus are expected to contribute a significant portion.
The funds will help Rapido expand into the food delivery business, which is a new area for them.
The company is now valued at $2.3 billion and aims to compete with Zomato and Swiggy in the food delivery market.
Rapido has been growing rapidly in ride-hailing and is looking to keep the momentum going.
Rapido is reportedly looking to close a $500-$550 million funding round.
The funding round includes Swiggy's stake sale.
Prosus is expected to invest between $240 Mn and $250 Mn.
The deal values Rapido at $2.3 billion.
Rapido is expanding into the food delivery business.
- Who
- Rapido, Prosus, WestBridge, Accel, Swiggy
- What
- Rapido is looking to close a $500-$550 Mn funding round.
- When
- Reported shortly after Swiggy's announcement
- Where
- India
- Why
- To scale up its newest business in food delivery.
Rapido Perspective
Swiggy Perspective
Strategic Focus
Rapido Perspective
Rapido aims to expand into food delivery and ride-hailing.
Swiggy Perspective
Swiggy's shift in focus requires selling Rapido shares.
- Company
- Rapido
- Funding Round Size
- $500 Mn - $550 Mn
- Primary Deal Component
- $300 Mn
- Prosus Investment
- $240 Mn - $250 Mn
- WestBridge Investment
- Remaining amount
- Swiggy Stake Sale
- $270 Mn
- Rapido Valuation
- $2.3 Bn
- Rapido FY24 Revenue
- ₹648.1 Cr
Sources
Swiggy To Offload Rapido Stake To Prosus, Westbridge For INR 2,400 Cr
Swiggy to offload Rapido stake for nearly ₹2,400 crore in twin deals
Swiggy to sell Rapido stake to Westbridge for ₹431.5 crore
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Swiggy sells ₹2,400-crore Rapido stake to Prosus, WestBridge, exits with 2.5x gains
Rapido Valuation Doubles After Swiggy Sells Stakes For ₹ 2,400 crores
Swiggy to sell Rs 2,400 crore stake in Rapido operator Roppen Transportation - Telegraph India
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Prosus Raises Bet on Rapido, Set To Infuse Rs 3000 Cr As Swiggy Exits Completely From Startup
Will Instamart restructuring fuel a rally for Swiggy? 3 big reasons Nomura is bullish
Swiggy shares drop 1.78% as board approves major asset sales and restructuring
Swiggy to sell Rapido stake for Rs 2,400 crore