Rapido raises $240M at $3B valuation, betting on new markets and sharper competition in India

A $240M round pegs Rapido at $3B—now what

Rapido has raised $240 million in primary funding at a $3 billion post-money valuation, led by Prosus with participation from WestBridge Capital and Accel. The ride-hailing firm plans to expand into newer markets while strengthening its presence in existing ones, with a particular focus on growth opportunities outside Tier I cities—adding fresh pressure to Uber-Ola dominance.