Rapido bags fresh capital from Prosus, others at $3 bn valuation Ride-hailing and logistics platform Rapido has raised $240 million (Rs 2,302 crore) in primary capital as part of a new funding round led by existing investor Prosus, valuing the company at $3 billion. The round also included participation from WestBridge Capital, Accel, and other undisclosed investors, forming part of a broader $730 million primary and secondary financing. The Bengaluru-based startup announced the funding in a statement released on Friday. Earlier this month, VCCircle reported that Prosus and Accel had acquired a stake worth approximately Rs 1,170 crore ($123.6 million) from Skycatcher Fund LP, a U.S.-based investment firm and one of Rapido’s early backers, through a secondary transaction. Skycatcher Fund, which first invested in Rapido in January 2017, has now fully exited its holding in Roppen Transportation Services Pvt Ltd, the company’s parent entity. Aravind Sanka, co-founder of Rapido, emphasized the company’s strategic focus on expanding into markets with high demand but fragmented supply. “We are going deeper into markets where demand exists, but supply remains fragmented, building the density that gives captains reliable, predictable earnings. We will sharpen our focus on strengthening supply, building technologies, and expanding our multi-modal footprint, with far greater speed and intent,” he said. The fresh capital will be allocated to create new demand markets, deepen existing ones, and grow the company’s captain network to expand earning opportunities for drivers. Rapido also plans to invest in technology and talent to support long-term scalability. The startup has been actively increasing its presence in tier-II cities, where it is observing rising demand for its services.#rapido #prosus #westbridge_capital #accel #skycatcher_fund_lp
Mobility Platform Rapido Secures $240 Million Funding to Expand Market Reach and Tech Investments Rapido, a leading mobility platform operating in over 400 cities across India, announced on May 15, 2026, that it has raised $240 million in a funding round led by Dutch investment firm Prosus. The round also included participation from WestBridge Capital and Accel, among other investors. This brings Rapido’s total raised capital to $730 million through primary and secondary financing, with the company now valued at $3 billion on a post-money basis. The funding will be directed toward expanding demand by creating new markets and deepening existing ones, while also growing the captain network and scaling earning opportunities. Aravind Sanka, Co-founder of Rapido, emphasized the strategic focus of the investment, stating, “This transaction is about accelerating our ability to unlock both these structurally. We are going deeper into markets where demand exists, but supply remains fragmented, building the density that gives captains reliable, predictable earnings.” Founded in 2015, Rapido has positioned itself as a key player in India’s evolving transportation landscape. The company’s recent strategy highlights a sharpened focus on strengthening supply chains, advancing technology, and expanding its multi-modal footprint with greater speed and intent. According to Rapido, the capital will be deployed to enhance first and last-mile connectivity, improve platform efficiency for a seamless user experience, and invest in talent to support long-term scalability. The funding announcement coincides with a critical phase in India’s economic growth, as the country’s development shifts beyond metropolitan areas.#india #rapido #prosus #westbridge_capital #accel
