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.
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 2+ markets, boost first/last-mile connectivity and onboard more women captains and riders.
Why this matters
Rapido's $3B valuation marks a sharp step-up as the platform pivots beyond bike taxis into last-mile delivery and tier 2/3 expansion, intensifying its rivalry with Ola and Uber.
Retail-company signals steady at 327 in the last 90 days.