CCI has approved Prosus’ entity MIH Investments One BV stake acquisition in ride-hailing unicorn Rapido, months after it was reported to be looking to purchase shares in the startup
This comes after Rapido investors Swiggy and TVS Motors both announced their divestments in Rapido, selling their shares to the Dutch VC firm in secondary transactions
Beyond the secondary transactions, Prosus has also been in talks with Rapido to purchase fresh equity shares over the past several months
The Competition Commission of…

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