Rapido Raises $240M at $3B Valuation
Indian ride-hailing company Rapido has raised $240 million in fresh funding led by Prosus and existing investors like WestBridge Capital and Accel. The round is part of a larger $730 million financing, raising its valuation to $3 billion from the previous $2.3 billion. Funds will be used for market expansion, driver network strengthening, and technology investment.
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