Rapido To Raise INR 250 Cr From Prosus

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SUMMARY

Rapido is raising INR 250 Cr (about $28.9 Mn) from Prosus in what seems like its ongoing Series E round

Prosus is acquiring a 2.9% stake in the startup at the same valuation at which it became a unicorn in July last year

The investment will be made through Prosus’ investment vehicle, MIH Investments One B.V.

Ride-hailing major Rapido is raising INR 250 Cr (about $28.9 Mn) from Prosus in what seems like its ongoing Series E round.

Prosus is acquiring a 2.9% stake in the startup at the same valuation at which it…



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Rapido To Raise INR 250 Cr From Prosus


SUMMARY

Rapido is raising INR 250 Cr (about $28.9 Mn) from Prosus in what seems like its ongoing Series E round

Prosus is acquiring a 2.9% stake in the startup at the same valuation at which it became a unicorn in July last year

The investment will be made through Prosus’ investment vehicle, MIH Investments One B.V.

Ride-hailing major Rapido is raising INR 250 Cr (about $28.9 Mn) from Prosus in what seems like its ongoing Series E round.

Prosus is acquiring a 2.9% stake in the startup at the same valuation at which it…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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