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Swiggy In Talks To Invest In Rapido As Part Of A Larger Financing Round

Dec 22, 2021•almost 4 years ago
Bengaluru

Description

Bengaluru: Food-delivery company Swiggy is in the final stages of discussions to invest in Bangalore-based bike-taxi startup Rapido, two people in the know of the matter told ET.

Company Information

Company

Rapido

Location

Bengaluru, Karnataka, India

About

The rapid scaling of quick commerce and hyperlocal delivery has further driven Rapido’s expansion into on-demand logistics with Rapido Local and Rapido Store, the company said in a prepared statement. The company Rapido said it has recorded a strong recovery of 85% as compared to pre-Covid months.