Swiggy on July 31 commented on Rapido's potential entry into the food delivery business. Notably, Swiggy owns a minority ...

As competition in India's food and quick commerce sectors intensifies, Swiggy is taking a hard look at its investment ...

This decision comes as Swiggy navigates a period of increased marketing investments and a focus on profitability across its ...

Swiggy said Thursday that it was "actively re-evaluating" its investment in urban mobility startup Rapido, which is planning ...

Swiggy is re-evaluating its 12% stake in bike-taxi startup Rapido after the latter announced plans to enter food delivery, a ...

Swiggy holds about a 12% minority stake in Rapido, and has acknowledged its entry into the food delivery space as a potential conflict of interest.

Swiggy's move comes at a time when its cash reserves are depleting and its losses are widening in an increasingly competitive ...

Swiggy led a $180-million investment in Rapido in April 2022 for a nearly 12% stake, making it the single-largest cheque in a ...

Swiggy’s investment into Rapido was made nearly three years ago. According to the company’s annual report, in FY23, Swiggy ...

Swiggy reports widening net losses in Q1 FY26, with focus on long-term profitability and growth across verticals.

The case was registered after six regional transport office (RTO) officers in Mumbai booked bike taxis on Rapido recently, after learning that the company was illegally offering the service.