Food and grocery delivery firm Swiggy is battling widening losses, reporting a near 96% YoY increase in net loss to ₹1,197 ...

Swiggy invested in Rapido in 2022 and holds a stake of around 12 percent in the company which translates to around $120 ...

Swiggy’s planned exit from Rapido is being seen as a strategic reset to avoid future conflict of interest, as Rapido enters food delivery. Analysts view it as a smart move that sharpens Swiggy’s focus ...

Swiggy holds about a 12% minority stake in Rapido, and has acknowledged its entry into the food delivery space as a potential conflict of interest.

Swiggy's move comes at a time when its cash reserves are depleting and its losses are widening in an increasingly competitive ...

As competition in India's food and quick commerce sectors intensifies, Swiggy is taking a hard look at its investment ...

Swiggy’s investment into Rapido was made nearly three years ago. According to the company’s annual report, in FY23, Swiggy ...

This decision comes as Swiggy navigates a period of increased marketing investments and a focus on profitability across its ...

Swiggy said Thursday that it was "actively re-evaluating" its investment in urban mobility startup Rapido, which is planning ...

A recent viral video of a Delhi woman recording her own accident while on a Rapido bike ride is buzzing on the Internet. The ...

Rapido is not the first app to step into the online food delivery market. Ola made successful attempts to launch Ola Cafe in 2015 and acquired Foodpanda India in 2017.