Rapido plans to raise $100M funding in a round led by WestBridge Capital to expand its services and increase its valuation to $900M
Rapido plans to raise $100M funding in a round led by WestBridge Capital to expand its services and increase its valuation to $900M
04/05/24, 8:14 AM
Location
bangaloreMoney raised
$100 million
Industry
transportation
Investors
Shell Ventures, Nexus Ventures, Tvs Motors, Swiggy, West Bridge Capital
Rapido is seeking to raise $100M in funding from WestBridge Capital and other investors to expand its services and increase its valuation to $900M. The company has received commitments of around $70M and is approaching Indian family offices for additional support.
Company Info
Location
bangalore, karnataka, india
Additional Info
We’re India’s largest Bike Taxi App service and making quick strides in app-based auto rickshaws and delivery, among others. We’re on a mission to revolutionize the way people commute. And while we’re at it, we aim at creating a workplace that is fun, inclusive and perfectly fits all!