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Rapido is negotiating to raise this funding on an estimated valuation of $2.5-$2.7 Bn
Prosus might infuse this capital as a part of primary issue, secondary deal or a combination of both
In February, Rapido’s board approved the issuance of 47,743 Series E CCPS to Prosus, in exchange for INR 250 Cr
Global investor Prosus is reportedly in talks to invest an additional $200 Mn (about INR 1,752 Cr) in ride-hailing unicorn Rapido
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A Moneycontrol report, citing sources,…
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Rapido is negotiating to raise this funding on an estimated valuation of $2.5-$2.7 Bn
Prosus might infuse this capital as a part of primary issue, secondary deal or a combination of both
In February, Rapido’s board approved the issuance of 47,743 Series E CCPS to Prosus, in exchange for INR 250 Cr
Global investor Prosus is reportedly in talks to invest an additional $200 Mn (about INR 1,752 Cr) in ride-hailing unicorn Rapido.
A Moneycontrol report, citing sources,…
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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