New Delhi, Sept. 16 -- It had made a strategic investment in Rapido three years ago, but the ride-sharing company was now eyeing its stronghold of food delivery. Finally, in July, Swiggy chose to sell the 12% Rapido stake that it had bought for $180 million in 2022.

With this, Swiggy kills two birds with one shot: It avoids a potential conflict of interest in food delivery and raises a handsome amount that can surely help at a time when its quick commerce business is still burning cash. On Monday, Mint reported that Prosus is looking to take a big chunk of the 12% Rapido stake on offer, potentially raising around Rs.2,825 crore. Mint looks behind the impending deal and examines how it gives Swiggy a little more breathing room.

In Novemb...