Rapido bags $240M at $3B valuation, charts food, parcel and flight push across 400+ cities
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.
Rapido raised $240M led by Prosus at $3B valuation to expand mobility, parcel, food delivery and flight bookings across 400+ cities, intensifying competition with Uber and Ola. Wingreens raised Rs 120 Cr Series D; D2C Insider plans Rs 150 Cr ConsumerX fund.
Why this matters
Builds on Rapido's $3B valuation milestone and Ownly food delivery doubling down, while the raise alone lifted weekly Indian VC inflow to $323M across 22 deals.
Retail-company activity steady with 412 signals in the last 90 days.
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