Swiggy to re-evaluate investment in Rapido over conflict of interest
Food-tech firm Swiggy will re-evaluate its investment in ride-hailing startup Rapido, citing a potential conflict of interest as the mobility company recently entered the food delivery space.
“Rapido is now the largest mobility player in India by rides, and has been a disruptor in its space. As a shareholder, we are extremely happy with their success and value-creation; but do acknowledge a potential conflict of interest that may arise in the future,” said Swiggy in its letter to shareholders on Thursday.
