Rapido Achieves Unicorn Status with $120 Million Investment

Monday, 29 July 2024, 14:21
Rapido, an eight-year-old bike-taxi startup, has reached unicorn status with a $1 billion valuation following a fresh funding round of $120 million. This significant investment highlights the increasing interest in India's booming startup ecosystem. With notable investors like Swiggy, Rapido is poised for further expansion in the competitive ride-sharing market.
TechCrunch
Rapido Achieves Unicorn Status with $120 Million Investment

Rapido's Journey to Unicorn Status

Bike-taxi startup Rapido has officially attained unicorn status with a valuation of $1 billion.

Funding Details

The firm raised $120 million in its latest funding round.

  • Rapido is an eight-year-old startup.
  • Notable investor includes Swiggy.
  • The funding round signifies strong confidence in India's startup landscape.

Market Implications

This new valuation positions Rapido to expand its services and strengthen its market presence.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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