Rapido hits $3B valuation after $240M Prosus-led round in $730M raise
Bengaluru-based Rapido raised $240M primary led by Prosus at a $3B post-money valuation, part of a larger $730M round. Capital will deepen tier-2/3 city presence, expand its captain network across 400+ cities, and scale multi-modal mobility including food and parcel delivery.
What happened
Rapido raised $240M led by Prosus at a $3B post-money valuation, part of a larger $730M round. Funds will deepen tier-2/3 presence, grow captain network, and
Key facts
- $240 million primary
- $3 billion post-money valuation
- $730 million total round
- 400+ cities
- 9 million livelihoods
- founded 2015
Why this matters
Rapido's capital-fueled push into 400+ cities and adjacent delivery verticals reshapes the competitive map—expect partnership overtures, potential tuck-in M&A of regional logistics players, and rising defensive pressure on incumbent food and last-mile delivery platforms.