Swiggy is all set to divest its stake in Roppen Transportation Services which operates bike taxi aggregator -- Rapido, for a total consideration of around Rs 2,400 crore. The board of directors of the company in their meeting held on September 23, 2025 has approved the same. The company has received board’s approval to sell 35,958 Series D Compulsorily Convertible Preference Shares (CCPS) held by the company in Roppen Transportation Services (Rapido) to Setu AIF Trust and/or its affiliates (Westbridge) for a consideration of around Rs 431.49 crore.
Additionally, the board has approved the sale of 10 equity shares and 1,63,990 Series D CCPS held by the company in Rapido to MIH Investments One B.V., a company incorporated in the Netherlands which belong to the Prosus group for a consideration of Rs 1,968 crore.
Swiggy is a consumer-first technology company offering users an easy-to-use convenience platform - to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery network.
