Mumbai, Sept. 23 -- Bengaluru-based food delivery major Swiggy has approved a stake sale in ride-hailing startup Rapido, raising about Rs.2,399 crore through transactions with MIH Investments One BV and WestBridge Capital, according to an exchange filing.

Swiggy will offload 10 equity shares and 163,990 Series D compulsorily convertible preference shares (CCPS) to MIH Investments for Rs.1,968 crore, and 35,958 Series D CCPS to WestBridge for Rs.431 crore, Business Standard reported.

Prosus deepens play in Rapido

MIH Investments One BV, part of the Prosus group, already holds a 23.31% stake in Swiggy through its affiliates. Earlier in February 2025, it had invested Rs.250 crore in Rapido's Series E round, taking a 2.9% stake. Prosus als...