Rapido Enters Unicorn Club By Raising $120 Mn From WestBridge Capital

Ride-hailing startup Rapido has reportedly bagged a funding of $120 Mn (about INR 1,000 Cr) from existing investor WestBridge Capital at a post-money valuation of over $1 Bn 👇

With this, the startup has become the third unicorn of 2024, as per Economic Times. Krutrim AI and Perfios are the two startups which entered the unicorn club earlier this year.

The publication also reported that the startup is in talks with investors to raise another $20 Mn. “A US-based family office and a UK-based fund are in talks to pick up stakes in the company,” a person aware of the matter was quoted as saying.

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Credit - Inc42 Media