Rapido raises $240M from Prosus-led round at $3B valuation, eyes tier-II push

Bengaluru-based Rapido has secured $240 million in a Prosus-led round, with WestBridge Capital and Accel participating, valuing the mobility and delivery platform at $3 billion post-money. Cumulative funding now stands at $730 million. Capital will fund tier-II expansion, captain network growth, tech, and women-rider safety across 400+ cities.

— Source publishedFri, 15 May, 2026, 15:09 IST·First seen Fri, 15 May, 2026, 15:15 IST·Source BL · Consumer & Economy

What happened

Rapido raised $240 million led by Prosus with WestBridge and Accel at $3 billion valuation. Capital funds tier-II expansion, captain network growth, tech

Key facts

  • $240 million
  • $3 billion post-money valuation
  • $730 million cumulative
  • 400+ cities
  • 9 million livelihoods

Why this matters

Rapido's tier-II push and women-rider safety investments open partnership lanes for fleet, fintech, and last-mile logistics players seeking exposure to India's 400+ city mobility footprint.

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