Stake sale · Mobility & Logistics
Swiggy looks to sell entire stake in Rapido
By Startup Enthusiast ·
- Date
- Company
- Rapido
- What it does
- Ride-hailing and transport platform
- Kind
- Stake sale
- Amount
- ₹2,500 crore
- Based in
- Bengaluru
- Founded
- 2015
- Sector
- Mobility & Logistics
What they do
Rapido is a ride-hailing startup offering bike taxis, auto-rickshaws, and cab services across Indian cities
What happened
Food delivery firm Swiggy plans to sell its entire twelve percent stake to raise up to twenty-five hundred crore rupees
Why it matters
The proposed secondary sale [existing shareholders sell their shares; no new money reaches the company] values Rapido at up to three billion dollars amid…
The details
- Food and grocery delivery giant Swiggy has started the process to sell its entire 12 percent minority stake in ride-hailing startup Rapido.
The bigger picture
- Swiggy aims to generate up to ₹2,500 crore ($300 million) from this secondary sale to strengthen its cash reserves amid intense competition in the quick commerce [delivery of everyday items in minutes] sector.
About the business
- Rapido operates a transportation platform offering bike taxis, auto-rickshaws, and four-wheeler cab rides across multiple Indian cities.
What happens next
- Swiggy intends to finalise the stake-sale transaction over the next three months.
The deal
- Type
- stake-sale
Investors
- Swiggy (seller) — Food and grocery delivery platform seeking to exit its minority holding.
Founders
- Aravind Sanka, Co-founder
- Pavan Guntupalli, Co-founder
- Rishikesh S R, Co-founder
About Rapido
- Product
- A ride-hailing app focused on bike taxis, with expanding mobility and delivery offerings.
- Customers
- Commuters and riders seeking low-cost transport, plus drivers earning through the platform.
- How it makes money
- Charges commissions or service fees on rides and related marketplace transactions.
- What sets it apart
- Uses two-wheelers to provide low-cost, flexible urban transport and matching.
- Operations
- Operates in multiple Indian cities and is building a broader super-app model.
Other articles talking about it
More on Rapido
- Rapido takes food app Ownly to Hyderabad25 September 2026 · Launch
- Rapido penalised for dark patterns and misleading pricing9 September 2026 · Policy · ₹10 lakh
- Rapido's app outage lasted about one hour due to a technical issue27 August 2026 · News
- Rapido and Uber held merger talks that fell through14 August 2026 · Partnership
- Rapido founders booked in Nagpur over unauthorised bike taxi operations13 August 2026 · Legal
- Rapido secures five-year cab licence in Karnataka13 August 2026 · Policy
- Rapido launches Ownly food delivery service in Bengaluru10 August 2026 · Launch
- Rapido launches zero-commission food delivery app Ownly30 July 2026 · Launch