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Rapido Eyes $500M Fundraise as Swiggy Exits Stake
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Rapido to raise half-a-billion dollars; Swiggy fully exits its stake.
Ride-hailing startup Rapido is in advanced talks to raise $500–550 million via primary and secondary deals. Its co-investors are also buying out Swiggy’s 11.8% stake entirely, as Swiggy seeks to avoid conflicts with Rapido’s expanding services. The fundraise will power scaling, geographic expansion, and bolster capital structure amid India’s cutthroat mobility space.