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Swiggy to re-evaluate Rapido stake amid competition
short by Shristi Acharya / on 01 Aug 2025,Friday
Food-delivery firm Swiggy has confirmed that it will re-evaluate its investment in ride-hailing startup Rapido, citing a potential conflict of interest in the future as the latter is expanding into the food delivery segment. Swiggy's single-largest investment to date, out of all its startup investments, was a $180 million investment for a nearly 12% stake in Rapido in April 2022.
short by Shristi Acharya / 03:50 pm on 01 Aug
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