Rapido nets $240M from Prosus at $3B valuation, fueling food and parcel push
Bengaluru-based Rapido raised $240 million led by Prosus as part of a larger $730 million round, tripling its valuation to $3 billion. The mobility platform plans to expand its rider network across 400+ cities and deepen investments in food delivery and parcel services.
What happened
Rapido raised $240 million led by Prosus at a $3 billion valuation, part of a larger $730 million round, to expand into new markets, grow its rider network, and
Key facts
- $240 million
- $730 million
- $3 billion
- 400 cities
- 2015
Why this matters
Rapido's well-capitalized push into food delivery and parcels reshapes the Indian last-mile landscape, opening partnership, white-label, or defensive M&A conversations for incumbents whose adjacent margins are now under direct threat.