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.

— Source publishedFri, 29 May, 2026, 17:12 IST·First seen Fri, 29 May, 2026, 17:15 IST·Source Mint · Companies

What happened

CCI dismissed a complaint against Rapido alleging predatory pricing and abuse of dominance in Uttarakhand, ruling grievances fell under Motor Vehicles Act, not

Key facts

  • $240 million funding
  • $730 million total raised
  • $3 billion valuation
  • 400+ cities

Why this matters

Rapido's strengthened cap table and regulatory tailwind raise the bar for any acquisition or partnership play in Indian shared mobility, particularly for incumbents eyeing two-wheeler segments.

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