Rapido raises $200m Series E, valuing it at $1.1bn; funds will aid expansion and tech enhancement in India against Uber and Ola.

Rapido, an Indian ride-sharing startup, has raised $200 million in Series E funding, boosting its valuation to $1.1 billion. Led by WestBridge Capital, with participation from Nexus, Think Investments, and Invus Opportunities, the funds will aid Rapido in expanding its operations across India and enhancing its technology. The company operates in over 100 cities and aims to grow in bike-taxis, three-wheelers, and four-wheelers, competing with major players like Uber and Ola.

September 05, 2024
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