rapido
Nexus Venture Partners Raises USD 700 Mn 8th Fund for Early Stage Bets
The fund will target companies working in AI, enterprise software, consumer technology and financial technology at inception, seed and Series A stages.
AdvantEdge's Partial Rapido Exit Delivers 11.5x Fund I Return
The recent partial exit from Rapido generated a 67 percent internal rate of return (IRR) and a 111 times return on the investment first made in 2016.
TVS Motor Sells Entire Stake in Rapido to Accel and Prosus for INR 288 Cr
This transaction comes shortly after Swiggy, another major investor, exited Rapido.
Swiggy Exits Rapido Investment; Prosus and WestBridge Take Over Stake
Deal valued at INR 2,399.5 crore delivers over 2.3 times return on Swiggy's original investment.
India Adds 11 New Unicorns in 2025, Ai.tech Becomes Fastest to Hit USD 1.5 Bn: Report
Peak XV leads unicorn investments; Zepto's 22-year-olds are the youngest founders.
Autonomous Vehicles, Market Disruption, and Drivers: Uber's Vision for the Future of Indian Mobility
I personally believe that autonomous vehicles have to have superhuman levels of safety. It's not good enough for them to be better than humans, says Dara Khosrowshahi, CEO Uber
Tummoc Expands to Nepal, Eyes Global Growth in Mobility-as-a-Service
In India, Tummoc is active in 22 cities and is targeting expansion to 32–35 cities by the end of 2025, with a goal of reaching 50 cities by 2026.
Biggest Startup Investments This Week: Feb 08–14
The Indian startup ecosystem saw a flurry of funding activity this week, with major investments pouring into fintech, legal tech, cloud computing, and mobility startups. Here's a look at the biggest funding rounds of the week:
Rapido Secures INR 250 Cr from Prosus in Series E Round
This latest investment comes just seven months after the company secured USD 120 million in a round led by WestBridge.
India's Tech IPO Market Booms in 2024 with Swiggy's USD 1.34 Billion Debut and Zomato's Sensex Milestone: Report
Among India's 29 profitable unicorns, Zerodha led the pack, emphasising the ecosystem's shift toward sustainability. Inclusivity also shone through, with 19 unicorns led by women founders, showcasing the evolving entrepreneurial landscape.
Year in Review: The Best Funded Startups of 2024
Highlighting 2024 key funding deals, innovative startups across industries secured substantial investments, driving growth, fostering innovation, and unlocking new opportunities for market expansion and development.
Playbook Partners Raises USD 130 Mn in First Close, Eyes USD 250 Mn Target
The funds have been raised through established global investors from Europe, the US, the Middle East, and India. With the green shoe option in play, Playbook Partners aims to increase the fund to USD 250 million.
Rapido Hits Unicorn Status with USD 1.1 Bn Valuation After USD 200 Mn Series E Funding
The newly raised capital will be utilised to fuel Rapido's expansion across India and further enhance its technological platform, which is aimed at improving service delivery and user experience.
The Best Startup Funding This Week: July 27–Aug 2
Here is a list of the startups that have raised the most money this week, from July 27 to Aug 2.
Rapido Achieves Unicorn Status with USD 120 Mn Series E Round Led by WestBridge Capital
Rapido is the third company to join the unicorn club this year, following fintech Perfios and AI startup Krutrim.