Filing: Indian ride-hailing app Rapido doubled its valuation to $2.3B after Swiggy offloaded its 12% Rapido stake for ~$270M in a secondary share sale (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch:
Filing: Indian ride-hailing app Rapido doubled its valuation to $2.3B after Swiggy offloaded its 12% Rapido stake for ~$270M in a secondary share sale  —  Rapido, a popular ride-hailing platform in India that competes with Uber, has doubled its valuation to $2.3 billion following a secondary share sale by food delivery giant Swiggy.

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