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Prosus eyes biggest bite of Swiggy's Rapido stake
September 16, 2025
|Hindustan Times
Deal may value Rapido at $2.7 bn; Nexus, WestBridge too want to raise stakes
Dutch technology investor Prosus NV is looking to snap up the largest piece of Swiggy's stake in Rapido, three people familiar with the matter said. The deal could value the ride-hailing startup at as much as $2.7 billion.
Prosus is looking to invest $150-180 million for a significant portion of the roughly 12% stake that Swiggy holds in Rapido, one of the three people said on the condition of anonymity. Meanwhile, Rapido's existing investors Nexus Venture Partners and WestBridge Capital are also seeking to increase their holdings.
Rapido was last valued at $1.1 billion in September 2024, when it secured $200 million in its Series E fundraising round led by WestBridge Capital. If Swiggy sale indeed values Rapido at $2.7 billion, the 12% stake would be worth a little over $320 million, or ₹2,825 crore.
هذه القصة من طبعة September 16, 2025 من Hindustan Times.
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