Swiggy Plans Full Exit from Rapido with 2.5X Return

Swiggy is selling its ~12% stake in Rapido for up to ₹2,500 crore, eyeing a 2.5X return on its 2022 investment. The sale pegs Rapido’s valuation at $2.7–3 billion amid rapid growth. The move comes as Swiggy aims to boost cash reserves and avoid conflict, with Rapido entering food delivery.