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.

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.

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

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

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