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ETtech Deals Digest: Startups raise $790 million in second week of May - The Economic Times
Rapido's substantial $730 million funding round significantly boosted Indian startup investments this week, reaching approximately $790 million across 18 deals. This marks a considerable increase from the previous week and the same period last year. The funding includes a $240 million late-stage round for Rapido, alongside early and seed-stage investments in other companies like HrdWyr and Wingreens World.
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thehindubusinessline.com
Rapido bags $240 mn funding led by Prosus
Rapido has raised $240 million led by Prosus at a $3 billion valuation to expand across smaller Indian cities and boost mobility services.
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techcrunch.com
Indian Uber rival Rapido raises $240M at $3B valuation | TechCrunch
Rapido has driven its growth by enabling ride-hailing for lower-cost and more flexible modes of transport such as motorbikes and autorickshaws.
