Tech
Rapido Looking To Close $550 Mn Funding Round: Report
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SUMMARY
The round would be a mix of primary and secondary transactions, including Swiggy’s stake sale
The primary component of the deal would be of $300 Mn, with Dutch investor Prosus looking to pump in $240 Mn to $250 Mn
This comes a day after Swiggy said that it would sign share purchase agreements to offload its stake in Rapido
Shortly after Swiggy’s board approved a proposal to sell its entire stake in Rapido
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