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.

— FiledFri, 15 May, 2026, 14:25 IST·First seen Fri, 15 May, 2026, 14:25 IST·Source Business Standard · Companies

What happened

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

Key facts

  • $240 million
  • $3 billion valuation
  • $730 million round
  • 400+ cities
  • founded 2015

Why this matters

A well-funded Rapido extending into autos, cabs and delivery compresses M&A windows in last-mile logistics and hyperlocal delivery, making bolt-on acquisitions of Tier-II fleet operators more contested.

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