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Foodtech major Swiggy, which holds a strategic stake in mobility company Rapido, has flagged a potential conflict of interest with the firm. In a stock exchange filing, Swiggy said it is “actively re-evaluating” the investment, citing the evolving nature of their business relationship.
Swiggy owns a minority stake of around 12% in Rapido, an investment that has seen significant value appreciation over time. The company has hinted at a possible monetization of this stake to…
