Prosus Bullish on Swiggy, Rapido Despite Stake Sale Speculation

September 18, 2025: Even as speculation grows over a possible reshuffle in its shareholding, the Dutch investment company Prosus NV has confirmed a steady faith in bike-taxi platform Rapido and food delivery leader Swiggy. The firm noted that both businesses are still contributing significantly to its portfolio due to their strong performance and growth.

Investor’s Position in Indian Startups

Swiggy presently owns a 12% stake in Rapido, which it acquired in 2022, whereas Prosus currently owns over 24% of Swiggy and owns about 2.7% of Rapido. Market experts point out that Prosus might increase its stake in both the firms, but it is known for constantly evaluating its portfolio while considering only long-term prospects for taking investment decisions.

Strategic Confidence in Growth

Both Swiggy and Rapido are sectors that are still expanding rapidly and can deliver big returns in the future, as per the expectations of Prosus. Prosus said it follows a measured approach towards fresh capital funding based on the business performance and the opportunities in the market.

Rapido’s Expansion into Food Delivery

A surprising move recently by Rapido is to provide most of the dishes below ₹150 from food brands such as Eatfit, Wow! Momo, Krispy Kreme and Faasos from its independent app Ownly marked the entry of this bike-taxi platform into the food delivery sector. The app caters to only a few regions of Bengaluru, with promises of prices similar to restaurant dining with “no hidden charges”. This sudden change puts it up as a competitor to the current big players like Swiggy and Zomato.

Previous Funding Links

Rapido’s $180 million funding in 2023, led by Swiggy in a Series D funding, reinforced their relationship, but without an exclusivity clause. This opened doors for Rapido’s food delivery push, reflecting India’s evolving digital market. Prosus, meanwhile, continues to consider both Swiggy and Rapido as very important investments for its long-term growth strategy in India.

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