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

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

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 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 invested in Rapido in 2022 and holds a stake of around 12 percent in the company which translates to around $120 ...

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

While Rapido has not officially announced its foray into food delivery, a proposal shared with restaurants shows that food ...

Food and grocery delivery firm Swiggy is battling widening losses, reporting a near 96% YoY increase in net loss to ₹1,197 ...

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

Rapido is not the first app to step into the online food delivery market. Ola made successful attempts to launch Ola Cafe in 2015 and acquired Foodpanda India in 2017.

"As a shareholder, we are extremely happy with their success and value-creation but do acknowledge a potential conflict of ...