Swiggy’s Rapido exit seen as strategic reset

Swiggy’s decision to re-evaluate its 12% stake in Rapido, citing a potential conflict of interest in the future after the ride hailing platform’s move to foray into food delivery, has been widely welcomed by analysts as a prudent strategic reset. The consensus view is that the move will allow the food delivery major to sharpen focus on its core operations amid intensifying market pressures.

Analysts are viewing the divestment move as a perfect case of corporate agility as the company is seen to be promptly addressing the competitive overlaps while capitalising on a profitable exit.