Rapido hits $3B valuation on $240M Prosus-led round; doubles down on Ownly food delivery
Rapido raised $240M primary at a $3B valuation, part of a $730M round that saw Swiggy and TVS exit via secondary. Capital will fund tier-2 mobility expansion and scale Ownly, escalating its food-delivery challenge to Swiggy and Zomato alongside its ride-hailing fight with Uber and Ola.
Rapido raised $240M led by Prosus at a $3B valuation, part of a $730M round. Swiggy and TVS exited via secondary. Funds will expand tier-2 mobility footprint and Ownly food delivery, intensifying rivalry with Uber, Ola.