New Delhi, Sept. 23 -- Food delivery giant Swiggy's Board has approved the sale of its stake worth Rs.2,400 crore in ride-hailing company Rapido to Prosus, Westbridge Capital, the company informed in exchange filings on September 23, 2025.

Swiggy plans to sell ten equity shares and 1,63,990 compulsorily convertible preference shares of Rapido for Rs.1,968 crore to MIH Investments One B V, a venture capital fund managed by Prosus Ventures, based in the Netherlands.

"The Board of Directors of the Company at their meeting held on September 23, 2025 have approved the proposal for sale of 10 equity shares and 1,63,990 Series D Compulsorily Convertible Preference Shares ("CCPS") held by the Company in Roppen Transportation Services Private Li...