Rapido banks $240mn at $3bn valuation, eyes Tier-2/3 push and last-mile delivery war chest
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.
Rapido banks $240mn from Prosus at a $3bn valuation, part of a $730mn round funding Tier-2/3 expansion and last-mile delivery scale-up.
Outlook Business · 5/15/2026, 8:14:00 AM · Ask about this →