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Rapido turns unicorn post $120 million funding from WestBridge Capital

Economic Times · 1y

Bengaluru-based ride-hailing platform Rapido has raised $120 million in primary capital from existing investor WestBridge Capital, valuing the company at $1 billion and making it a unicorn startup. Rapido is the third startup to achieve unicorn status this year in India. The company is expected to raise an additional $20 million from global investors. Rapido, backed by Swiggy, offers subscription-based plans for auto-rickshaw drivers and has expanded into cab-hailing services. It has raised a total of $329 million in funding so far.