WestBridge, Prosus tighten grip on Rapido with 56% stake after $240M raise
Rapido's $240M primary round, part of a $730M deal led by Prosus, lifts the Bengaluru ride-hailer to a $2.82B valuation. WestBridge (29.7%) and Prosus (26.2%) now jointly hold 56%. FY25 revenue rose 44% to Rs 934 cr; net loss narrowed to Rs 258 cr as Rapido pushes into food, parcels.
Rapido raised $240M primary funding led by Prosus with WestBridge, Accel participating, valuing the ride-hailing firm at $2.82B. WestBridge (29.7%) and Prosus (26.2%) now own 56%. FY25 revenue grew 44% to Rs 934 cr.