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.
Urban mobility startup Rapido has raised $240 million in a funding round led by Dutch tech investor Prosus, valuing the company at $3 billion. WestBridge Capital and Accel joined the round. The investment forms part of a larger $730 million round that Rapido is finalising, including both primary and secondary components. Rapido says the money will be used to expand demand by entering and deepening markets, grow and scale its captain network, and invest in technology and people for first- and last-mile connectivity.
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Prosus, the Dutch investor backed by Tencent that has poured about $8 billion into India, is moving beyond bets into a more aggressive AI-led strategy. With milestones like the Swiggy IPO boosting confidence, it’s launching a new initiative built around a partnership and a ground-up approach—drawing attention for its unusual, talent-driven spark.
India’s biggest startup investors, including SoftBank and Prosus, are recalibrating their India strategy. Instead of relying mainly on large late-stage funding, they’re moving toward tech infrastructure and commerce joint ventures. In today’s AI-led market, deals are getting smaller and less frequent, while investors are more willing to step in as active collaborators and operators.
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