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Bengaluru-based bike taxi company Rapido has achieved unicorn status after raising $120 million in primary capital from WestBridge Capital. This funding round values the company at $1 billion. Rapido was last valued at $825 million following a $180 million funding round in April 2022. According to sources, Rapido is likely to raise an additional $20 million from global investors. Confirmed reports indicate that Rapido has closed a $100M+ round.
India’s Rapido becomes unicorn with fresh $120 million funding https://t.co/etnO7fnERt
India’s Rapido becomes unicorn with fresh $120 million funding: Bike-taxi startup Rapido has become the latest Indian startup to become a unicorn, or reach $1 billion in valuation. The eight-year-old firm has raised $120 million in a… https://t.co/Oy2CE7q8P1 #AI #AInews #AItips
#JUSTIN | @rapidobikeapp turns #unicorn: 👉Rapido has raised $120 million or about Rs 1,000 crore in primary capital from WestBridge Capital 👉 This is at a post-money valuation of $1 billion 👉 It was last valued at $825 million after its $180 million funding in April 2022 https://t.co/hdDKf6xC7n