Singapore-based venture capital firm Jungle Ventures is doubling down on its investment strategy by prioritizing repeat founders and increasing seed-stage capital allocations. Amid a cooling global funding environment, the firm is currently deploying $2 million to $4 million per deal, with a strategic pivot toward providing larger follow-on cheques as its portfolio companies reach critical…
Indian ride-hailing startup Rapido has successfully raised $240 million in a fresh funding round led by global investment giant Prosus, pushing the company’s valuation to $1 billion, officially marking its entry into the unicorn club. The Bengaluru-based firm finalized the transaction this week, signaling strong investor confidence in the country’s burgeoning gig economy and the…
New Capital Fuels Market Expansion Indian ride-hailing and logistics platform Rapido has secured $240 million in a fresh funding round, pushing the company’s total valuation to $3 billion. The investment, which serves as part of a broader $730 million capital infusion, signals a significant 30% increase in valuation since the company’s last secondary transaction, cementing…
