Rapido bags $240 Mn from Prosus at $3 Bn valuation, part of larger $730 Mn round

Bengaluru-based mobility platform Rapido has raised $240 Mn led by Prosus at a $3 Bn post-money valuation. The capital, part of a broader $730 Mn round backed by WestBridge, Accel, Swiggy and TVS Motor, will fund market expansion, driver network growth and tech investments across its multi-modal footprint.

— Source publishedFri, 15 May, 2026, 13:37 IST·First seen Fri, 15 May, 2026, 13:38 IST·Source Inc42

What happened

Rapido raised $240 Mn led by Prosus at a $3 Bn post-money valuation, part of a larger $730 Mn round. Funds will expand markets, grow driver network, and invest

Key facts

  • $240 Mn
  • ₹2,302 Cr
  • $730 Mn
  • $3 Bn valuation
  • ₹2,400 Cr
  • ₹287.9 Cr

Why this matters

Swiggy and TVS Motor's continued participation hints at deeper commerce-mobility integration plays, opening partnership or co-investment angles around last-mile delivery and EV fleet financing.

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