Rapido Raises $240 Mn At $3 Bn Valuation To Expand Footprint

by · Inc42

SUMMARY

  • The funding round was led existing backer Prosus, with participation from WestBridge Capital, Accel, and other undisclosed investors
  • The startup said that the funding is part of a larger $730 Mn round, which will be a mix of primary and secondary transactions
  • Rapido plans to use the capital to expand into new markets, deepen its presence in existing markets, grow its driver network, and invest in technology and hiring