Rapido raises Rs 390 crore in the course of new investment and funding
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Westbridge Capital has become the largest shareholder in Rapido with 22.15% holding while NexuxVP has also increased holding in the company to 12.5%. With the new investment, Rapido's valuation has increased by Rs 300 crore, and its post-money valuation has also increased to Rs 1,000 crore. Rapido is continuing to raise capital to grow its business, and it has claimed to have reached in 40 cities with its proposed bike taxis.