Funding round
Rapido Growth
Reported as "Growth Equity"
Rapido, which works in transportation services in Hyderabad, raised $240M in a Growth round announced on 15 May 2026, led by Prosus, at a $3.00B post-money valuation. 3 firms took part, 2 of them already investors. It is Rapido's third venture round on record; the one before was a Series E in Sep 2024.
$240M
Amount raised
$3.00B
Post-money valuation
$2.76B pre-money
3
Investors
1 lead
2.7x
Step-up from the Series E
$1.10B in Sep 2024
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rapido at $3.00B after the new money, 2.7 times the $1.10B of its Series E (Sep 2024). The $240M bought investors about 8.0% of the company. It came 20 months after Rapido's Series E. It is 53% of the $451M Rapido has raised in the venture rounds on record. No later venture round is on record for Rapido.
Investors
Who put money in
Prosus led the round with 2 other firms. WestBridge Capital and Accel had backed Rapido before.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Stoneshield Real Estate Investment | 28 May 2026 | $1.75B | not disclosed | not named |
| Acelen Renováveis Renewable energy companies | 26 May 2026 | $1.50B | not disclosed | International Finance Corporation and HSBC |
| MiRus Medical Supply Manufacturers | 18 May 2026 | $1.50B | not disclosed | Boston Scientific Corporation |
| Pophouse Art & Music Publishers | 27 May 2026 | $1.20B | not disclosed | not named |
| Cognition Tech Companies | 27 May 2026 | $1.00B | $26.00B | Lux Capital and General Catalyst |
| VoltaGrid Electric Supplies & Power Generation | 11 May 2026 | $1.00B | not disclosed | not named |
| Sierra Software Development Services | 4 May 2026 | $950M | $15.80B | Tiger Global and GV |
| Solace Tech Companies | 5 May 2026 | $790M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Rapido raise in its Growth round?
Rapido raised $240M in its Growth round, announced in May 2026.
Who led Rapido's Growth round?
Prosus led it, with WestBridge Capital and Accel.
What was Rapido's valuation at the Growth round?
$3.00B post-money ($2.76B pre-money).