Swiggy Plans to Complete Exit from Rapido, Looks to Net ₹2,500 Crore from Stake Sale

According to the news report, food and grocery delivery platform Swiggy has initiated the process to offload its entire 12% stake in ride-hailing app Rapido for up to ₹2,500 crore ($300 million). The company had earlier invested around ₹950 crore ($120 million) in April 2022. This sale, expected to be completed over the next few months, would deliver Swiggy a 2.5X return in just over 3 years.

Rapido’s valuation is being pegged between $2.7 billion and $3 billion, up from $1.1 billion just a year ago, as per the report. This surge follows a 120% business growth, with Rapido expanding offerings beyond two-wheeler rides to autos, cabs, and now into food delivery, positioning itself ahead of rivals like Uber and Ola.

Rationale Behind the Exit: Liquidity and Avoiding Conflict

The exit will allow Swiggy to boost its waning cash reserves, which stood at ₹5,354 crore as of the June quarter (Q1 FY26). The company has recorded cumulative losses exceeding ₹6,600 crore over the last nine quarters. With Rapido eyeing entry into food delivery, Swiggy cited conflict of interest as a factor in monetising its now-valuable holding, as per the report. 

Rapido, meanwhile, remains well-capitalised with $150–160 million in cash and a limited monthly burn rate of $3 million. Secondary shares are being transferred from Swiggy to new investors, so no fresh capital is being introduced into Rapido from this transaction.

Read More: Swiggy Enters Corporate Meal Market with New DeskEats Service!

Implications for Swiggy’s Position in Quick Commerce

Swiggy is under pressure in the quick commerce race, where it faces Zomato-owned Blinkit, Zepto, BigBasket, and Flipkart. Funds raised from the Rapido exit are likely to help Swiggy enhance operations, resolve cash concerns and make aggressive plays in this competitive segment.

Swiggy Share Price Performance

On August 6, 2025, Swiggy share price opened at ₹386.90 on NSE, above the previous close of ₹385.55. During the day, it surged to ₹399.00 and dipped to ₹385.55. The stock is trading at ₹396.55 as of 12:10 PM. The stock registered a significant gain of 2.85%.

Over the past week, it has declined by 1.78%, over the past month, it has moved up by 4.31%, and over the past 3 months, it has moved up by 15.78%.

Conclusion

Swiggy’s decision to exit from Rapido at a 2.5X return underscores a strategic capital reallocation. The ₹2,500 crore influx should reinforce its quick commerce ambitions and help it consolidate market presence. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.