Prosus in Talks to Invest ₹1,750 Cr in Rapido, Eyes Larger Stake
Swiggy plans exit amid conflict of interest as Rapido ventures into food delivery. Global consumer internet conglomerate Prosus is in advanced discussions to invest ₹1,750 crore in Indian ride-hailing startup Rapido, with plans to significantly increase its stake, according to a report by Moneycontrol. Currently, Prosus holds a modest 3–4% stake in Rapido. However, the investor has become increasingly bullish on the company, … Read more