Swiggy's Rahul Bothra Confirms Rapido Stake Re-Evaluation Amid Intensifying Competition

Swiggy, the food delivery and quick-commerce platform, has confirmed the intent to re-evaluate its stake in Rapido. The move is driven by Rapido's foray into food delivery. The decision comes as Swiggy navigates a period of increased marketing investments and a focus on profitability across its core segments.