CosmicTaco

Rapido Set to Raise $60Mn from Prosus

CosmicTaco · 2024-10-11T08:11:15.769511+05:30

- Rapido, the ride-hailing unicorn, is reportedly raising $60 Mn from Dutch investment major Prosus. - This funding is part of Rapido's ongoing $200 Mn round and will not change the company's valuation. - This news comes a month after Rapido became a unicorn, raising $200 Mn in its Series E round led by WestBridge Capital. - Founded in 2015, Rapido offers bike taxis, autos, and peer-to-peer delivery services. - To date, the startup has raised over $625.75 Mn from investors including Swiggy, TVS Motor Company, and Shell Ventures. Source: [Inc42](https://inc42.com/buzz/rapido-to-get-another-tank-full-of-investments-likely-to-raise-60-mn-from-prosus/)

Rapido, the ride-hailing unicorn, is reportedly raising $60 Mn from Dutch investment major Prosus.
This funding is part of Rapido's ongoing $200 Mn round and will not change the company's valuation.
This news comes a month after Rapido became a unicorn, raising $200 Mn in its Series E round led by WestBridge Capital.
Founded in 2015, Rapido offers bike taxis, autos, and peer-to-peer delivery services.
To date, the startup has raised over $625.75 Mn from investors including Swiggy, TVS Motor Company, and Shell Ventures.

Source: Inc42