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 ...

Dutch investment firm Prosus NV is looking to invest $150-180 million to grab the largest chunk of Swiggy’s 12% stake in Rapido, even as Nexus Venture Partners and WestBridge Capital are keen to increase their holding in the ride-hailing firm, three people said. Rapido is “likely to be valued at $2.5-2.7 billion" for the stake sale, one of them said. At that valuation, Swiggy’s 12% stake in Rapido will likely be valued at a little over $320 million, or ₹2,825 crore. Rapido was previously valued at $1.1 bil ...