Rapido Secures $240 Million in Funding to Accelerate Expansion

Rapido Secures $240 Million in Funding to Accelerate Expansion

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…

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