Rapido bags $240M from Prosus at $3B valuation, fueling ride-hailing showdown

Bengaluru-based Rapido raised $240M in primary capital led by Prosus, valuing the bike-taxi unicorn at $3B as part of a larger $730M round. Capital will fund deeper penetration in 400+ cities, new market entries, and tech investment, sharpening its battle with Uber, Ola, and Namma Yatri.

— Source publishedFri, 15 May, 2026, 15:40 IST·First seen Fri, 15 May, 2026, 15:47 IST·Source YourStory

What happened

Rapido raised $240M primary led by Prosus at a $3B valuation, part of a $730M round. Funds will deepen presence in existing markets, expand into new ones, and

Key facts

  • $240M primary
  • $3B post-money valuation
  • $730M total round
  • 400+ cities
  • founded 2015

Why this matters

A well-capitalized Rapido at $3B reshapes the competitive map for Uber, Ola, and Namma Yatri, opening windows for partnership, bolt-on M&A in adjacent mobility services, or defensive consolidation plays.

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