Rapido bags $240M from Prosus at $3B valuation, part of larger $730M round
Bengaluru-based mobility platform Rapido raised $240 million led by Prosus at a $3 billion valuation, within a broader $730 million round backed by WestBridge and Accel. Capital earmarked for Tier-2 city expansion, first/last-mile connectivity, driver-partner earnings, and multi-modal mobility tech.
Rapido raised $240 million led by Prosus at a $3 billion valuation, part of a larger $730 million round. Funds will deepen Tier-2 expansion, strengthen first/last-mile connectivity, grow driver-partner earnings, and back tech and multi-modal mobility investments.
Why this matters
Reinforces Rapido's mobility ambitions following recent reports of food and parcel diversification, with Prosus anchoring a triple-digit-million raise at unicorn-plus valuation.
Retail-company signals steady at 320 over the last 90 days.