Rapido has raised $240 million led by Prosus at a $3 billion valuation to expand across smaller Indian cities and boost mobility services.

Rapido has raised $240 million led by Prosus at a $3 billion valuation to expand across smaller Indian cities and boost mobility services.

Rapido has driven its growth by enabling ride-hailing for lower-cost and more flexible modes of transport such as motorbikes and autorickshaws.