CCI clears Rapido on predatory pricing as Prosus-led round lifts valuation to $3B
India's competition watchdog dismissed allegations of predatory pricing and abuse of dominance against Rapido in Uttarakhand, ruling the grievances fall under the Motor Vehicles Act. Separately, the bike-taxi operator closed a $240M round led by Prosus at a $3B valuation, taking total capital raised to $730M across 400+ cities.
CCI dismissed a complaint against Rapido alleging predatory pricing and abuse of dominance in Uttarakhand, ruling grievances fell under Motor Vehicles Act, not competition law. Separately, Rapido raised $240 million led by Prosus at a $3 billion valuation.
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