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.