Trending Now - Rapido Secures $240M Funding, Achieves $3B Valuation

WHO:

Techmeme - Rapido is operated by Roppen Transportation Services Private Limited.

TechCrunch - Rapido is described as an Indian Uber rival.

WHAT:

Techmeme - Rapido raised $240 million in funding.

Techmeme - The funding round was led by Prosus.

Techmeme - Rapido achieved a post-money valuation of $3 billion.

TechCrunch - Rapido enables ride-hailing for lower-cost and more flexible modes of transport such as motorbikes and autorickshaws.

WHERE:

Techmeme - Rapido is based in India.

WHEN:

Techmeme - The funding announcement occurred on a Friday.

WHY:

TechCrunch - Rapido's growth is driven by providing lower-cost and more flexible transport options.

HOW:

Techmeme - The funding was part of a broader primary and secondary financing transaction.

(UPDATED May 15, 2026 13:29 UTC)

Rapido, an Indian rival to Uber, has successfully raised $240 million in funding, led by Prosus, achieving a post-money valuation of $3 billion. The company, operated by Roppen Transportation Services Private Limited, focuses on providing lower-cost and more flexible ride-hailing options, including motorbikes and autorickshaws. This funding announcement was made on a Friday and is part of a broader primary and secondary financing transaction aimed at supporting Rapido's growth in the transportation sector.