Rapido hits $2.82B valuation as WestBridge, Prosus tighten grip with 56% stake post $240M raise
Bengaluru-based Rapido closed a $240M primary round led by Prosus, lifting total fundraise to $730M. WestBridge (29.7%) and Prosus (26.2%) now jointly control 56%. FY25 revenue rose 44% to Rs 934 Cr while net loss narrowed 30.5% to Rs 258 Cr, as Rapido scales four-wheeler ride-hailing against Uber and Ola across 400+ cities.
Rapido raised $240M led by Prosus at $2.82B valuation, with WestBridge and Prosus together holding 56%. FY25 revenue grew 44% to Rs 934 crore as it expands four-wheeler ride-hailing against Uber and Ola.
Why this matters
Follows Rapido's $240M Series F that bucked May's 27% MoM funding slump, and a CCI ruling clearing it of predatory pricing as it pushes into four-wheeler ride-hailing.
Retail-company signals steady at 1,816 over the last 90 days.