WestBridge Capital to acquire a minority stake in Shell and Nexus-backed Rapido from Swiggy for INR4.3bn.

Synopsis

WestBridge Capital, a global investment firm, agreed to acquire a minority stake in Shell and Nexus-backed Rapido, a private limited company, from Swiggy, a food delivery platform, for INR4.3bn.

Principals

target

Rapido (roppen Transportation Services Pvt Ltd)

bidder

Westbridge Capital

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Market Context