Funding
Bike taxi startup Rapido raises Rs 250 crore from Prosus
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Bengaluru-based ride hailing firm Rapido has raised Rs 250 crore (nearly $30 million) from Dutch investment firm Prosus, according to a filing made with the Registrar of Companies (RoC)
The fund infusion is an extension to Rapido’s Series E round in which it had raised $200 million last year, led by WestBridge Capital.
Prosus comes in as a new investor into the bike taxi startup, which hit $1 billion in gross merchandise value (GMV) last year.
The investment was made at the same $1.1-billion valuation at which Rapido raised funds from WestBridge.
The…
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