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.
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 expand multi-modal mobility including food and parcel delivery across 400+ Indian cities.
Why this matters
Rapido's $3B valuation marks a sharp step-up as it pivots from bike-taxi to multi-modal mobility, food, and parcel delivery, intensifying competition with Ola, Uber, and Swiggy in last-mile.
Retail-company signals steady at 326 in last 90 days, reflecting sustained funding and expansion activity.