Bengaluru's premium membership quick commerce startup FirstClub raised $55M Series B led by Accel and Peak XV, with Sofina, RTP Global and General Catalyst joining. Capital fuels city expansion, private label rollout and supply chain build-out as it takes on Zepto, Blinkit, Instamart and BigBasket.

Moneycontrol · News Web · 6/4/2026, 11:25:53 AM

Peak XV and Sofina lead a $55M Series B in FirstClub as the platform extends rapid delivery into discretionary categories. Same day: Prozo lights up a 4.1 lakh sq ft Bhiwandi fulfilment hub, ZONE rolls out a kids activewear line, and Sweet Change closes Rs 1.7 Cr pre-seed on 84% MoM growth.

YourStory · Capital · 6/4/2026, 11:24:40 AM

Peak XV and Sofina lead $55M round in FirstClub, with Accel, RTP Global and Paramark participating. Capital funds city expansion and category extensions beyond grocery into beauty, home and pet care, intensifying India's quick commerce category arms race.

YourStory · 6/4/2026, 11:24:33 AM

Quality-first grocery startup FirstClub closed a $55 million Series B led by Peak XV and Sofina, with Accel, RTP Global and Paramark joining. After clocking 1 million orders in under a year, the company will enter new cities and push into beauty, home and pet care while deepening its supply chain.

Outlook Business · 6/4/2026, 9:55:18 AM

India's competition watchdog dismissed allegations of predatory pricing and abuse of dominance against Rapido in Uttarakhand, ruling the grievances fall under the Motor Vehicles Act. Separately, the bike-taxi operator closed a $240M round led by Prosus at a $3B valuation, taking total capital raised to $730M across 400+ cities.

Mint · Companies · 5/29/2026, 11:46:05 AM

WestBridge, Prosus and Accel-backed B2B fashion supply-chain startup Fashinza loses co-founder and former CEO Pawan Gupta, leaving Abhishek Sharma as sole founder-CEO. The $120M-funded firm has seen revenue collapse 82% from Rs 33 cr in FY22 to Rs 6 cr in FY25.

Moneycontrol · 5/27/2026, 4:31:57 PM

Special resolution to widen founder Sriharsha Majety's board nomination rights fell short, securing just 72.36% versus the 75% threshold. Proxy advisers and global institutions including Prosus-linked holders pushed back amid widening losses and a 45% share price slide since listing.

Mint · Companies · 5/21/2026, 6:18:13 PM

Swiggy is amending its articles to strip Accel and SoftBank of nomination rights and recast founder powers, targeting Indian Owned and Controlled Company status under FEMA. The shift would let it run inventory-led quick commerce — a model barred to foreign-controlled peers — and pressures Eternal, Blinkit and Zepto to follow.

Business Standard · Companies · 5/19/2026, 7:45:48 AM

Prosus-led $240M round triples Rapido's war chest as it muscles into food delivery, parcel and flight bookings, sharpening the three-way fight with Uber and Ola. Side signals: Wingreens closes Rs 120 Cr Series D; D2C Insider readies Rs 150 Cr ConsumerX fund.

YourStory · 5/16/2026, 2:13:38 AM

Rapido raised $240M primary at a $3B valuation, part of a $730M round that saw Swiggy and TVS exit via secondary. Capital will fund tier-2 mobility expansion and scale Ownly, escalating its food-delivery challenge to Swiggy and Zomato alongside its ride-hailing fight with Uber and Ola.

Times of India · Business · 5/15/2026, 6:16:19 PM

D2C Insider is launching ConsumerX Ventures, a Rs 150-crore AIF to write Rs 3-5 crore cheques into 25 early-stage D2C brands. Mobility player Rapido closed $240M led by Prosus at a $3B valuation, while toy D2C brand Legend of Toys raised Rs 21 crore pre-Series A to expand categories and manufacturing.

YourStory · 5/15/2026, 1:15:54 PM

Urban mobility platform Rapido raised $240 million led by Prosus, with WestBridge and Accel participating, at a $3 billion valuation. The tranche is part of a larger $730 million round earmarked for market expansion, driver network growth, and technology upgrades.

ET Retail · 5/15/2026, 11:46:22 AM

Rapido raised $240M primary led by Prosus at a $3B valuation, part of a wider $730M round with WestBridge and Accel. Capital will scale mobility, parcel, food delivery and flight booking across 400+ cities, sharpening the fight with Uber and Ola.

YourStory · Capital · 5/15/2026, 10:18:12 AM

Bengaluru-based Rapido raised $240M in primary capital led by Prosus, valuing the bike-taxi unicorn at $3B as part of a larger $730M round. Capital will fund deeper penetration in 400+ cities, new market entries, and tech investment, sharpening its battle with Uber, Ola, and Namma Yatri.

YourStory · 5/15/2026, 10:18:03 AM

Bengaluru-based Rapido has secured $240 million in a Prosus-led round, with WestBridge Capital and Accel participating, valuing the mobility and delivery platform at $3 billion post-money. Cumulative funding now stands at $730 million. Capital will fund tier-II expansion, captain network growth, tech, and women-rider safety across 400+ cities.

BL · Consumer & Economy · 5/15/2026, 9:46:40 AM

Rapido raised $240 million led by Prosus at a $3 billion valuation, part of a $730 million round, to scale bike taxis, autos, cabs and delivery across 400+ cities, sharpening its challenge to Uber and Ola in Tier-II India.

Business Standard · Companies · 5/15/2026, 8:55:53 AM

Mobility platform Rapido raised $240 million led by Prosus with WestBridge and Accel participating, pegging post-money valuation at $3 billion. Capital earmarked for captain network expansion, tier 2+ market depth, first/last-mile connectivity and onboarding more women captains.

The Hindu BusinessLine · 5/15/2026, 8:50:44 AM

Bengaluru-based Rapido raised $240M primary led by Prosus at a $3B post-money valuation, part of a larger $730M round. Capital will deepen tier-2/3 city presence, expand its captain network across 400+ cities, and scale multi-modal mobility including food and parcel delivery.

NDTV Profit · 5/15/2026, 8:49:26 AM

Prosus-led $240mn primary (part of a $730mn round) triples Rapido's firepower against Uber and Ola. Capital targets 400+ city footprint, a 9mn-strong driver/delivery fleet, multi-modal mobility, and last-mile logistics — a direct read-through for quick-commerce and retail fulfilment economics in smaller Indian cities.

Outlook Business · 5/15/2026, 8:14:00 AM

Bengaluru-based mobility platform Rapido raised $240 million led by Prosus at a $3 billion valuation, within a broader $730 million round backed by WestBridge and Accel. Capital earmarked for Tier-2 city expansion, first/last-mile connectivity, driver-partner earnings, and multi-modal mobility tech.

Business Today · Latest · 5/15/2026, 8:13:04 AM

Bengaluru-based mobility platform Rapido has raised $240 Mn led by Prosus at a $3 Bn post-money valuation. The capital, part of a broader $730 Mn round backed by WestBridge, Accel, Swiggy and TVS Motor, will fund market expansion, driver network growth and tech investments across its multi-modal footprint.

Inc42 · 5/15/2026, 8:09:11 AM

Bengaluru-based mobility and delivery platform Rapido raised $240 million led by Prosus at a $3 billion post-money valuation, part of a broader $730 million round backed by WestBridge and Accel. Capital targets expansion across 400+ cities, rider-driver network growth and tech investment.

Mint · Companies · 5/15/2026, 8:09:10 AM

Bengaluru-based Rapido raised $240 million led by Prosus as part of a larger $730 million round, tripling its valuation to $3 billion. The mobility platform plans to expand its rider network across 400+ cities and deepen investments in food delivery and parcel services.

Mint · 5/15/2026, 8:08:36 AM

Rapido raised $240M primary led by Prosus as part of a $730M transaction, tripling its valuation to $3B. FY25 revenue hit Rs 934 cr (up 44%) with net loss narrowing 30% to Rs 258 cr. Capital fuels tier-II expansion across 400+ cities, captain network, and tech as Uber flags Rapido as top India rival.

Entrackr · Newsletter · 5/15/2026, 7:24:14 AM

Co-founder and former CEO Pawan Gupta has quit Gurugram-based B2B apparel supply chain startup Fashinza to pursue AI, leaving Abhishek Sharma as sole CEO. The $120M-funded venture, backed by WestBridge, Prosus, Accel and Elevation, saw revenue crash to Rs 6 cr in FY25 from Rs 33 cr in FY22, though it swung to a Rs 1 cr profit.

Entrackr · 5/13/2026, 10:08:48 PM