Swiggy sells ₹2,400-crore Rapido stake to Prosus, WestBridge, exits with 2.5x gains
MINT·2025-09-23 15:51
Swiggy has fully divested its ₹2,400 crore stake in Rapido, selling shares to Dutch investment firm Prosus NV and WestBridge Capital.Also Read | Gifting companies plan to hitch growth ride with Swiggy, BlinkitOf the total transaction, Prosus’s subsidiary MIH Investments One B.V. acquired shares worth ₹1,968 crore, while WestBridge Capital picked up the remaining ₹431.5 crore portion, showed exchange filings on Tuesday evening.The deal was executed on an arm’s length basis and awaits customary approvals, inc ...