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.
The Comptroller and Auditor General (CAG) is conducting a special audit of 101 cities to assess citizens’ ease of living, with a focus on transport and logistics. The effort is linked to discussions on urban mobility at the BRICS summit in Bengaluru. The government argues that strong, integrated mobility systems—beyond just infrastructure—are critical for jobs and GDP growth.
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Ceigall India’s joint venture CIL-SAM India has won a Rs 918.04-crore contract for Phase-II expansion from Jaipur Metro Rail Corporation. The project includes designing and building a 10.8 km elevated viaduct and ten metro stations, to be completed in about 34 months. The order also marks the company’s push into urban mobility infrastructure.
Indian cities are getting a new mobility push from youth, with YLAC’s Mobility Champions Program training students to run audits, campaigns, and research that have already improved accessibility on campuses. Meanwhile, Capital-A has made the first close of its Fund II, raising Rs 160 crore to back early-stage manufacturing and deeptech startups, aiming for up to Rs 300-400 crore.
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