Swiggy All Set to Sell ₹2,400 Cr Rapido Stake | Instamart Becomes Standalone Subsidiary | ET Now　 #ETNOW

Swiggy has approved the sale of its 11.8% stake in Rapido to Prosus and WestBridge Capital for ₹2,400 crore, earning a 2.5x return on its 2022 investment. The exit comes amid conflict of interest after Rapido entered food delivery. In another major move, Swiggy is hiving off Instamart into a standalone subsidiary via a slump sale. Instamart, which contributed over ₹2,000 crore in FY25 revenue, will now get sharper strategic focus and operational flexibility while remaining fully owned by Swiggy.

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