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.
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 invest in tech across mobility, parcel, and food delivery.
Why this matters
Rapido's $3B valuation milestone follows fresh Prosus backing and a tier-II push, even as Maharashtra moved to shut down its bike taxi service alongside Ola and Uber.
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