Dutch firm Prosus planning to buy Swiggy's stake in Rapido: Report
Dutch investment firm Prosus is looking to invest $150-180 million to acquire the largest chunk of Swiggy's 12% stake in Rapido, valued at $320 million, Livemint reported. Swiggy is selling its stake as the ride-hailing platform has also entered the food delivery business with the 'Ownly' app, making the two competitors. Swiggy acquired the stake in 2022.