Swiggy Mulls Divesting Stake In Rapido Amid Its Food Delivery Foray

Swiggy said that its stake of about 12% in Rapido has appreciated significantly since its investment, but it is now “actively re-evaluating” the investment

The foodtech major said that Rapido’s entry in the food delivery segment may create a potential conflict of interest

The Sriharsha Majety-led company said that potential monetisation of its investment in Rapido will also allow it to increase its cash balance

Amid the entry of Rapido in the food delivery segment, Swiggy is mulling divesting its stake in the…