Rapido joins India's unicorn club after fresh $120 million funding
Shortpedia
Content Team
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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.
