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