Swiggy to exit Rapido with Rs 2,400 cr stake-sale to Prosus, WestbridgeLast Updated: September 23, 2025, 21:45 ISTRepresentational image (Image: News18)New Delhi, Sep 23 (PTI) Food delivery major Swiggy, which also owns Instamart, on Tuesday said its board has approved the sale of its stake in Roppen Transportation Services, which operates bike taxi aggregator Rapido, for a total consideration of nearly Rs 2,400 crore. The Purchaser and MIH India Food Holdings BV (MIFH) belong to the Prosus group and are under common control. The transaction under the share purchase agreement (SPA) is on an “arm’s length" basis, Swiggy stated. of the company to Swiggy Instamart Private Limited, an indirect step-down wholly-owned subsidiary incorporated in India, as a going concern through a slump sale. PTI RSN MRFirst Published: September 23, 2025, 21:45 ISTNews agency-feeds Swiggy to exit Rapido with Rs 2,400 cr stake-sale to Prosus, WestbridgeDisclaimer: Comments reflect users’ views, not News18’s.