Rapido bags $240M from Prosus at $3B valuation, eyes tier-II push
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.
Rapido raised $240M from Prosus at a $3B valuation in a $730M transaction, fueling tier-II expansion across 400+ cities.
Entrackr · Newsletter · 5/15/2026, 7:24:14 AM · Ask about this →