Rapido raises $200 million in funding, now valued as unicorn

NEW DELHI: Rapido, a mobility startup has raised $200 million in its Series E funding round led by WestBridge Capital, a prominent investment firm focused on investments in India.

This latest investment elevates Rapido’s post-money valuation to $1.1 billion.

Rapido, which competes with Uber and Ola, said that the newly raised funds will be strategically allocated to expanding the company’s operation across India.