Rapido recently closed a $240 million funding round led by Prosus, valuing it at $3 billion. The capital injection underscores a shift in India’s ride-hailing market, long dominated by Uber and Ola.

Indian ride-hailing platform Rapido has raised $240 million in a funding round led by Prosus, taking its post-money valuation to $3 billion amid intensifying competition in India’s mobility market.

AI Quick Read MUMBAI: Roppen Transportation Services Pvt. Ltd, which operates Rapido, has raised $240 million in fresh capital in a round led by Prosus, with participation from WestBridge Capital, ...

The latest transaction is part of a larger $730 million primary and secondary financing exercise undertaken by the company Ride hailing platform Rapido has raised $240 million in fresh primary funding ...

Indian ride-hailing company Rapido said on Friday it had raised $240 million in fresh funding at a $3 billion valuation to compete better in the country’s growing but challenging mobility market. Led ...

Roppen Transportation Services Private Limited (Rapido) has raised $240 million in fresh capital, led by Prosus, with participation from WestBridge Capital and Accel, and other investors, as part of a ...

Ride-hailing platform Rapido has raised $240 million in primary funding led by Prosus, with participation from WestBridge Capital, Accel, and other investors. This values the startup at $3 billion on ...

A theatrically released movie about glossy magazines, released at a time when there are minimal audiences for either, has ordered up a no foam, extra shot, venti facepalm It might, of course, turn out ...

The incident has raised concerns about user privacy and rider conduct. A Rapido rider contacted a passenger on WhatsApp after completing a ride The passenger shared the conversation publicly, raising ...

Ride-hailing platform Rapido has launched a new standalone app, Ownly, for food delivery. Just as they did with their ride sharing programme, Ownly takes a new approach to the market by being a ...

Rapido is targeting 50 lakh active drivers or captains by FY27 as it doubles down on its zero-commission SaaS model, shifting revenue from per-ride commissions to fixed subscriptions paid by drivers ...

The Competition Commission of India (CCI) has dismissed a complaint against ride-hailing platform Rapido, which alleged that the motorcycles used by the app to ferry passengers commercially carried ...