$240 million fundraise propels Rapido post-money valuation to $3 billion
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Ride-hailing platform Rapido has raised $240 million, increasing its post-money valuation to $3 billion. The funding round, led by Prosus, aims to enhance operations in high-growth regions and expand services in Tier-I cities. Rapido focuses on affordable transport and flexible employment, addressing market gaps. The investment reflects confidence in Rapido's sustainable scaling and its ability to tackle challenges in India's digital economy.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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