Amid rumors that Prosus NV may acquire Swiggy’s 12% stake in Rapido, the Dutch investment firm sees strong growth potential in both companies. Gaurav Kothari, Prosus’ principal investor for India, told NDTV Profit that both Rapido and Swiggy are performing well and could deliver significant returns for investors in the future.
Currently, Prosus holds about 2.7% of Rapido and over 24% of Swiggy. Swiggy’s parent company, Roppen Transportation Services, has held its 12% stake in Rapido since 2022. After Swiggy’s first-quarter earnings for fiscal 2026, the company announced it would reassess its Rapido stake as the cab aggregator expanded into food delivery.
Rapido recently launched its own food delivery app, ‘Ownly’, in Bengaluru. The app offers affordable food with prices below Rs 150, featuring brands like Wow!, Eatfit, Krispy Kreme, and Faasos. It promises ‘no hidden fees’ and ‘offline prices’ for online food orders.
Rapido’s entry into the competitive food delivery market will put it in direct competition with Swiggy and Zomato. Despite the competition, Prosus sees significant growth potential in both Swiggy and Rapido.
