Rapido raises $240 million at $3 billion valuation as it plots faster multi modal expansion

Prosus led a round that includes big secondary sales

Rapido, the ride-hailing unicorn, has raised $240 million (₹2,302 crore) at a $3 billion post-money valuation, led by existing backer Prosus with participation from WestBridge Capital, Accel, and other undisclosed investors. The company says this is part of a larger $730 million round combining primary and secondary transactions. Rapido plans to expand into new markets, deepen existing operations, grow its driver base, and invest in technology and hiring to build denser, more reliable supply.