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.
What happened
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
Key facts
- $240 million
- $730 million
- $3 billion
Why this matters
Rapido's flush balance sheet and Tier-2 ambitions make it a likely consolidator of regional mobility and logistics niches—map adjacent targets before pricing escalates.