Indian Uber rival Rapido raises $240M at $3B valuation

Rapido valued at $3 billion with fresh $240 million funding

India Business News: MUMBAI: Rapido, which rivals Uber and Ola in India’s ride-hailing market, has raised a fresh $240 million in funding led by Dutch technology investor .

Indian Uber rival Rapido raises $240M at $3B valuation

Rapido has driven its growth by enabling ride-hailing for lower-cost and more flexible modes of transport such as motorbikes and autorickshaws.

Rapido secures $240Mn in fresh funding led by Prosus at $3Bn valuation

Indian ride-hailing startup Rapido has raised $240 million in a fresh funding round led by Prosus, taking the company’s valuation to about $3 billion. Existing investors, including WestBridge Capital and Accel, also participated in the round, which is part of a larger $730 million financing exercise. The new funding comes as Rapido strengthens its position against Uber and Ola in India’s fast-growing mobility market. The latest investment marks …

Rapido secures USD 240 million in Prosus-led funding round

New Delhi: Rapido has raised USD 240 million in a funding round led by Prosus, taking the company’s post-money valuation to USD 3 billion. Existing investors including WestBridge Capital and Accel also participated in the round. According to the company, the latest investment takes its total primary and secondary funding raised so far to USD 730 million. Founded in 2015, Rapido currently operates in more than 400 cities across India.Aravind Sank…

Rapido raises $240M at $3B valuation to expand in India - Media Talk Africa

Indian ride‑hailing platform Rapido announced on Friday that it has secured $240 million in fresh equity funding, lifting its valuation to […]

Rapido Triples Valuation To $3 Billion In New Fundraise

Rapido is cementing its place as a sizable competitor to the Uber-Ola duopoly in India. The Bengaluru-based mobility platform has announced that it... The post Rapido Triples Valuation To $3 Billion In New Fundraise appeared first on OfficeChai.