WestBridge, Prosus tighten grip on Rapido with 56% stake after $240M raise
Rapido's $240M primary round, part of a $730M deal led by Prosus, lifts the Bengaluru ride-hailer to a $2.82B valuation. WestBridge (29.7%) and Prosus (26.2%) now jointly hold 56%. FY25 revenue rose 44% to Rs 934 cr; net loss narrowed to Rs 258 cr as Rapido pushes into food, parcels.
What happened
Rapido raised $240M primary funding led by Prosus with WestBridge, Accel participating, valuing the ride-hailing firm at $2.82B. WestBridge (29.7%) and Prosus
Key facts
- $240M primary funding
- $730M total round
- $2.82B post-money valuation
- WestBridge 29.7% stake
- Prosus 26.2% stake
- FY25 revenue Rs 934 cr (+44%)
- FY25 net loss Rs 258 cr
Why this matters
Rapido's $240M war chest and broadened mandate into food and parcels position it as both a competitive threat to Swiggy/Zomato/Dunzo and a potential consolidator of adjacent last-mile assets in tier-2 markets.