Prosus eyes biggest bite of Swiggy's Rapido stake
new delhi/mumbai, Sept. 16 -- 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 Rapid...
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