Rapido To Raise INR 250 Cr From Prosus

Rapido is raising INR 250 Cr (about $28.9 Mn) from Prosus in what seems like its ongoing Series E round

Prosus is acquiring a 2.9% stake in the startup at the same valuation at which it became a unicorn in July last year

The investment will be made through Prosus’ investment vehicle, MIH Investments One B.V.

Ride-hailing major Rapido is raising INR 250 Cr (about $28.9 Mn) from Prosus in what seems like its ongoing Series E round.

Prosus is acquiring a 2.9% stake in the startup at the same valuation at which it…