Introduction: The race for dominance in India’s fast-growing ride-hailing market just got even more exciting! Rapido, the popular two-wheeler and three-wheeler ride-hailing platform, has unveiled bold plans to expand its operations to 500 cities across India. This marks a massive leap from its current footprint of 120 cities. With $200 million in fresh funding secured just months ago, the…
Ride-sharing platform Rapido has announced it has successfully raised approximately $200 million in its Series E funding round, spearheaded by WestBridge Capital. The round also included contributions from existing investor Nexus as well as new participants Think Investments and Invus Opportunities. This latest investment has propelled Rapido’s post-money valuation to $1.1 billion.
The new…
Rapido, the Indian ride-hailing startup known for its bike taxi services, has officially entered the unicorn club following a significant $200 million Series E funding round. This latest round, which values the company at $1.1 billion, was spearheaded by existing investor WestBridge Capital and saw participation from Nexus Venture Partners, Think Investments, and New York-based Invus…
