Consumer Service
Swiggy Mulls Divesting Stake In Rapido Amid Its Food Delivery Foray
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SUMMARY
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…
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