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.
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 in tech, deepening its multi-modal mobility footprint across India.
Why this matters
Confirms Rapido's $3 Bn valuation milestone amid recent signals on its food and parcel push and tier-II expansion, even as Maharashtra moves against bike taxi services.
Retail-company activity holds steady with 315 signals in the last 90 days.
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