Rapido bags $240M from Prosus at $3B valuation, part of $730M round
Bengaluru-based mobility and delivery platform Rapido raised $240 million led by Prosus at a $3 billion post-money valuation, part of a broader $730 million round backed by WestBridge and Accel. Capital targets expansion across 400+ cities, rider-driver network growth and tech investment.
Rapido raised $240 million led by Prosus at a $3 billion post-money valuation, part of a broader $730 million round. Capital will fund market expansion, rider/driver network growth, and technology investment across its multi-modal mobility and delivery platform.
Why this matters
Confirms Rapido's $3B valuation milestone alongside parallel signals on its food and parcel push and tier-II expansion, even as Maharashtra moves to curb bike taxi services.
Retail-company signals steady at 315 over the past 90 days.