Rapido, an Indian bike taxi startup, secures $120M Series E funding, reaching unicorn status with a $1B valuation.
Rapido, a Swiggy-backed bike taxi startup, has reached unicorn status with a $120 million Series E funding round led by WestBridge Capital, marking the latest Indian startup to achieve a $1 billion valuation. This new capital underscores Rapido's growing significance in India's mobility sector, where it has emerged as a formidable challenger to Uber and Ola. Rapido has raised approximately $430 million to date.
July 29, 2024
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