Rapido Raises $200 Million in Series E, Reaches $1.1 Billion Valuation - Funding Raised

Rapido Raises $200 Million in Series E, Reaches $1.1 Billion Valuation

Ride-hailing app Rapido secured $200 million in Series E funding, led by WestBridge Capital. With this investment, Rapido’s valuation hit $1.1 billion. The funds will expand its four-wheeler services, competing with Ola and Uber. Rapido processes 16.5 lakh daily rides, positioning it second after Uber in India.

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