Rapido Becomes India's Newest Unicorn After Securing $120 Million in Funding
Monday, 29 July 2024, 14:21
Overview of Rapido's Milestone
Rapido has officially become a unicorn after raising $120 million in a recent funding round. This valuation of $1 billion cements its status as a major player in the bike-taxi industry.
Funding Details and Investors
- Investment Amount: $120 million
- Valuation: $1 billion
- Notable Investor: Swiggy
Future Prospects
The new funds will be allocated to further expand Rapido's services, enhance its technological capabilities, and strengthen its market presence. As a leading bike-taxi service, Rapido is set to innovate in the mobility sector.
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.