{"id":838774,"date":"2024-07-30T10:09:17","date_gmt":"2024-07-30T04:39:17","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=838774"},"modified":"2024-07-30T10:09:17","modified_gmt":"2024-07-30T04:39:17","slug":"rapido-rolls-into-the-unicorn-club-with-120-million-from-westbridge","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/30\/rapido-rolls-into-the-unicorn-club-with-120-million-from-westbridge\/","title":{"rendered":"Rapido rolls into the unicorn club with $120 million from WestBridge"},"content":{"rendered":"<p>Rapido has become the latest homegrown startup to achieve unicorn status after the ride-hailing platform Rapido raised $120 million (about Rs 1,000 crore) in primary capital from existing investor WestBridge Capital at a post-money valuation of $1 billion, showed regulatory filings.<\/p>\n<p>Rapido is the third unicorn to be minted this year after Perfios and Ola founder Bhavish Aggarwal\u2019s Krutrim AI turned unicorns earlier this year. In 2023, there were only two new unicorns\u2014Zepto and InCred Wealth\u2013underscoring the funding squeeze in private financing markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rapido has become the latest homegrown startup to achieve unicorn status after the ride-hailing platform Rapido raised $120 million (about Rs 1,000 crore) in primary capital from existing investor WestBridge Capital at a post-money valuation of $1 billion, showed regulatory filings. Rapido is the third unicorn to be minted this year after Perfios and Ola founder Bhavish Aggarwal\u2019s Krutrim AI turned unicorns earlier this year. In 2023, there were only two new unicorns\u2014Zepto and InCred Wealth\u2013underscoring the funding squeeze in private financing markets.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-838774","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/838774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=838774"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/838774\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=838774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=838774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=838774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}