Entrepreneur News Network

Rapido Raises $240 Million Led by Prosus, Valuation Climbs to $3 Billion

Rapido

Indian mobility platform Rapido has raised $240 million in a fresh funding round led by Prosus, with participation from existing investors including WestBridge Capital and Accel. The investment is part of a broader $730 million transaction that includes both primary capital infusion and secondary share sales by existing shareholders. Following the latest round, Rapido’s valuation … Read more

LetzRyd Raises $4 Million to Expand Urban Mobility Fleet Network

(L-R) Tarun Jain, Sarvagna G and Kushagra Dokania, Co-Founder, LetzRyd

Bengaluru-based mobility startup LetzRyd has secured $4 million in a Series A funding round led by JIF Capital. The round also saw participation from Japan-based 15th Rock, marking its first investment in India, along with existing backer UNLEASH Capital Partners. Funding to Accelerate Fleet and Technology Expansion The fresh capital will be used to: Expand … Read more