Swiggy is selling its stake in Rapido. This move aims to free up funds for Instamart. Instamart is Swiggy’s quick-commerce business. The sale is worth Rs 2,400 crore. Prosus and Westbridge Capital are the buyers. Analysts have mixed opinions on the sale. Some believe it’s a temporary fix. Others see it as a positive step.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets