Rapido fuels India startup funding surge with $730 million round as total hits $790 million across 18 deals

A single $240 million late round lifted weekly totals

Rapido’s massive $730 million funding round propelled Indian startup investment to roughly $790 million across 18 deals in the second week of May, according to Tracxn. That’s a sharp jump from $120.4 million across 19 rounds in the previous week and far above the same week last year. While Rapido’s $240 million late-stage component led the headlines, early-stage startups raised $35.1 million and seed-stage firms collected $12.1 million. HrdWyr and Wingreens World also secured notable rounds.