Rapido joins India's unicorn club after fresh $120 million funding
Image Credit: newsbytes
Rapido, an Indian ride-hailing platform, has achieved unicorn status after securing $120 million in fresh capital. The funding round was led by existing investor WestBridge Capital, catapulting Rapido's post-money valuation to $1 billion. This development positions Rapido as the third unicorn start-up created in India this year, following Perfios and Krutrim AI, a venture by Ola founder Bhavish Aggarwal.