Rapido plans to raise $100M funding in a round led by WestBridge Capital to expand its services and increase its valuation to $900M
Apr 05, 2024•over 1 year ago
Amount Raised
$100 Million
Investors
Shell VenturesNexus VenturesTvs MotorsSwiggyWest Bridge Capital
Description
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech