Rapido Enters The Unicorn Club With  $120 Mn Funding

Major Funding Milestone

Rapido, a ride-hailing startup, secures $120M funding from WestBridge Capital, raising its valuation to over $1B and becoming the third unicorn of 2024.

Joining the Unicorn Club

Rapido joins Krutrim AI and Perfios as unicorns in 2024, with Economic Times reporting the significant funding milestone for the startup.

Future Funding Plans

Rapido is negotiating to raise an additional $20M, with potential investors including a US-based family office and a UK-based fund.

Investors

Rapido's investors include Swiggy, TVS Motors, Nexus Ventures, and Shell Ventures. The startup recently secured $70M commitments and is seeking further support.

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