Rapido bags $240M from Prosus, hits $3B valuation
Mobility platform Rapido raised $240 million led by Prosus with WestBridge and Accel participating, pegging post-money valuation at $3 billion. Capital earmarked for captain network expansion, tier 2+ market depth, first/last-mile connectivity and onboarding more women captains.
What happened
Rapido raised $240 million led by Prosus with WestBridge and Accel, valuing the mobility platform at $3 billion. Funds will expand captain network, deepen tier
Key facts
- $240 million
- $3 billion post-money
- $730 million cumulative
- 400+ cities
- founded 2015
Why this matters
Rapido's $3B valuation reshapes India mobility M&A comps and tightens the competitive set against Ola/Uber, with potential adjacency plays in logistics, women-driver platforms, and tier 2+ last-mile partnerships.