Indian ride-hailing startup Rapido raised $240 million in a funding round led by Dutch investor Prosus at a $3 billion valuation
The deal signals a growing appetite among European investors for Indian startups beyond fintech and e-commerce
Rapido is emerging as Uber’s strongest challenger in India by dominating bike taxis, autos, and smaller-city mobility
Europe’s venture capital firms are increasingly looking eastward for growth, and India is rapidly becoming one of their most important battlegrounds. The latest example comes from Dutch technology investor Prosus, which has doubled down on Indian mobility startup Rapido in a $240 million funding round that values the Bengaluru-based company at $3 billion.
The investment is more than just another late-stage funding deal. It reflects how European investors are reshaping their global strategies as India’s digital economy matures into one of the world’s most attractive startup markets.
