Swiggy sells an 11.8% stake in Rapido for $270M; Rapido looks to score between $500 and $550M in the round.
Bengaluru’s Swiggy has offloaded its 11.8% stake in ride-hailing startup Rapido to investors Prosus and WestBridge Capital for about $270 million (₹2,400 crore). The development comes as Swiggy continues to…