Dutch firm Prosus NV eyes 12% Rapido stake from Swigyy for $150-180m
Swiggy plans to sell its 12% stake in Rapido, with Prosus NV looking to invest $150-180 million for the largest portion. At a proposed valuation of $2.5-2.7 billion, Swiggy's stake could be worth over $320 million. Rapido's entry into food delivery has made it a potential competitor, leading Swiggy to reassess its investment.