Rapido bags $240M from Prosus at $3B valuation to push beyond metros

Rapido raised $240 million led by Prosus at a $3 billion valuation, part of a $730 million round, to scale bike taxis, autos, cabs and delivery across 400+ cities, sharpening its challenge to Uber and Ola in Tier-II India.

— Filed Fri, 15 May, 2026, 14:25 IST · Source Business Standard · Companies · Updated

Rapido raised $240 million led by Prosus at a $3 billion valuation, part of a $730 million round, to scale bike taxis, autos, cabs and delivery into Tier-II cities, intensifying competition with Uber and Ola.

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