Rapido hits $2.82B valuation as WestBridge, Prosus tighten grip with 56% stake post $240M raise
Bengaluru-based Rapido closed a $240M primary round led by Prosus, lifting total fundraise to $730M. WestBridge (29.7%) and Prosus (26.2%) now jointly control 56%. FY25 revenue rose 44% to Rs 934 Cr while net loss narrowed 30.5% to Rs 258 Cr, as Rapido scales four-wheeler ride-hailing against Uber and Ola across 400+ cities.
What happened
Rapido raised $240M led by Prosus at $2.82B valuation, with WestBridge and Prosus together holding 56%. FY25 revenue grew 44% to Rs 934 crore as it expands
Key facts
- $240 million primary funding
- $730 million total round
- Rs 26,761 crore valuation ($2.82 billion)
- WestBridge 29.7% stake
- Prosus 26.2% stake
- FY25 revenue Rs 934 crore (+44%)
- FY25 net loss Rs 258 crore (-30.5%)
- 400+ cities
Why this matters
Rapido's tightened cap table with two dominant investors simplifies future M&A or strategic partnership negotiations, making it a sharper acquisition or alliance target for global mobility players seeking India exposure.