Swiggy Limited has announced the sale of its stake in Roppen Transportation Services Private Limited, popularly known as Rapido, to global investor Prosus and Indian fund Westbridge Capital for a total consideration of approximately Rs 2,400 crore. The Board of Directors of Swiggy approved the deal at their meeting held on September 23, 2025.
Under the agreement, Swiggy will divest 10 equity shares and 1,63,990 Series D Compulsorily Convertible Preference Shares (CCPS) in Rapido to MIH Investments One B.V., a Netherlands-based company under the Prosus Group, for around Rs 1,968 crore. In addition, 35,958 CCPS will be sold to Setu AIF Trust and its affiliates under Westbridge Capital for Rs 431.5 crore.
The transaction is part of Swiggy’s strategic plan to realize investments for the benefit of the company and its shareholders. The deal will proceed once customary conditions are met, including approvals from the Competition Commission of India and Swiggy shareholders, in line with the Companies Act, 2013 and SEBI Listing Regulations.
Rapido, known for its bike taxi services, has been a growing player in India’s urban mobility sector. This divestment marks a significant step in Swiggy’s investment strategy, allowing it to reallocate resources and focus on its core food delivery and logistics businesses.
