Rapido Raises $240M Growth Capital

Rapido, an Indian mobility platform, raised $240 million in growth capital led by Prosus at a $3 billion post-money valuation. The company plans to expand in high-growth regions, strengthen its supply chain, build new technologies, and grow its multi-modal footprint. Founded in 2015, Rapido offers bike taxis, auto rickshaws, cabs, parcel deliveries, and food delivery.