Swiggy Sells Its Share in Rapido, Reaping 2.35X Returns; Prosus and WestBridge Step In to Acquire Stake
Swiggy announced the sale of its stake in Rapido for Rs 2,399.5 crore, securing over a 2.3X return.
Tag: Swiggy
BNP Paribas Teams Up with Eternal and Sells Its Stake in Swiggy
Institutional investors rotated positions in the stock market, focusing on bulk deals in food delivery.
Rapido Launches Ownly Food Delivery Service in Select Areas of Bengaluru
Rapido has launched its food delivery app Ownly in select Bengaluru neighborhoods amid pilot challenges.
Swiggy Aims for Profitability by FY26 Fueled by Instamart Expansion
Swiggy aims for profitability by mid-2026, with Instamart significantly boosting its growth and margins.
Swiggy Boosts Employee Ownership with ₹150 Crore ESOP Initiative
Swiggy has rolled out fresh employee stock option grants worth Rs 150 crore, valuing at Rs 385.3.
Citigroup Offloads ₹12 Crore Swiggy Stake to BNP Paribas in Major Transaction
Citigroup sold 3.2 lakh shares of Swiggy to BNP Paribas for Rs 12.2 crore amid Minis platform closure.
Swiggy Launches Innovative Travel and Lifestyle Concierge App, Crew
Swiggy's new app Crew offers personalized concierge services for everyday tasks and lifestyle management.
Shalabh Shrivastava Steps Down from Swiggy as Saurav Goyal Takes the Helm at Driver Org
Shalabh Shrivastava, senior VP at Swiggy, has quit; Saurav Goyal will lead Driver and Delivery ops.
Swiggy Reports ₹4,410 Crore Revenue in Q4 FY25, Instamart Soars by 115%
Swiggy's revenue rose 45% to Rs 4,410 crore in Q4 FY25, but losses surged 95% in the same period.
Swiggy Passes the Baton of Major Food Brands to Kouzina
Kouzina Food Tech has struck a deal with Swiggy for exclusive rights to digital-first food brands.
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