ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nexus-venture-partners” target=”_blank”>Nexus Venture Partners will invest Rs 125 crore (around $15 million) in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/rapido” target=”_blank”>Rapido as a part of a larger financing round last year that valued it at $1.1 billion, the urban mobility platform said in a filing with the Registrar of Companies (RoC).

The fund infusion comes ahead of Rapido’s foray into food delivery, for which it plans to launch a pilot this month. data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/rapido-cuts-food-delivery-charges-by-half-to-counter-zomato-swiggy/articleshow/121710871.cms” data-type=”tilCustomLink” target=”_blank”>ET has reported earlier that Rapido is looking to challenge the dominance of Eternal’s rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Zomato and rel=”dofollow” href=”https://economictimes.indiatimes.com/swiggy-ltd/stocks/companyid-2232501.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Swiggy in food delivery. The latter holds a 12% stake in Rapido.

According to agreed terms with…

ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nexus-venture-partners” target=”_blank”>Nexus Venture Partners will invest Rs 125 crore (around $15 million) in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/rapido” target=”_blank”>Rapido as a part of a larger financing round last year that valued it at $1.1 billion, the urban mobility platform said in a filing with the Registrar of Companies (RoC).

The fund infusion comes ahead of Rapido’s foray into food delivery, for which it plans to launch a pilot this month. data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/rapido-cuts-food-delivery-charges-by-half-to-counter-zomato-swiggy/articleshow/121710871.cms” data-type=”tilCustomLink” target=”_blank”>ET has reported earlier that Rapido is looking to challenge the dominance of Eternal’s rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Zomato and rel=”dofollow” href=”https://economictimes.indiatimes.com/swiggy-ltd/stocks/companyid-2232501.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Swiggy in food delivery. The latter holds a 12% stake in Rapido.

According to agreed terms with…