Swiggy To Sell Rapido Stake To Prosus, Westbridge For INR 2,400 Cr

Foodtech major Swiggy has approved the sale of its stake in bike-taxi startup Rapido to private equity firm Westbridge and Prosus for about INR 2,400 Cr

In its filings with the exchanges today, the company said that it cleared the divestment of 10 equity shares and 1.64 Lakh Series D CCPS it held in Rapido to Prosus entity MIH Investment One B.V. for INR 1,968 Cr

Meanwhile, it also cleared the sale of about 36,000 Series D CCPS held in Rapido to Westbridge for INR 431.5…