Home Services Other Services Ad ID: 1437033 Posted 3 month ago  in DELHI Classifieds 61 people saw this post
Rapido Secures Over Rs 1,000 Crore and Achieves Unicorn Status in India

Services
Other Services
DELHI
NEW DELHI, SOUTH WEST, DELHI, INDIA
Demand


Rapido has become the latest unicorn. The Hyderabad-based startup recently secured over Rs 1,000 crore ($120 million) from WestBridge Capital in a new funding round, reaching a valuation of $1 billion.

Aravind Sanka, Pavan Guntupalli, and Rishikesh SR created the auto and bike taxi aggregator in 2015. It has expanded its services and branched into taxis. Its success story illustrates the increasing number of domestic firms that achieve unicorn status.

The fresh funding round demonstrates Rapido’s remarkable development as well as its attraction to significant investors. Since 2015, it has drawn significant funding from a range of sources. TVS Motor Company, Nexus Ventures, and Shell Ventures are a few of the prominent investors. Acquiring Getbike and Vahananlytics at the same time allowed it to expand its technology capabilities and extend into new markets.

A few weeks ago, Perfios and Krutrim AI, among other startups, achieved unicorn status. Being the first unicorn in India to focus on AI, Krutrim stands out. The triumph of these startups highlights the variety of industries propelling the rise of startups in India.

It has been reported that investors worldwide are contributing an extra $20 million to Rapido. The fund will assist in further solidifying its position in the cutthroat ride-hailing industry. It currently faces competition in the Indian market from well-known companies like Ola and Uber. It is anticipated that the latest funding will support the company’s ongoing innovation and growth.

Rapido’s new unicorn status underscores the rapidly evolving nature of India’s startup ecosystem. It remains to be seen how this will influence the future of mobility in the country.


When you call, don't forget to mention that you found this ad on Classifieds Dekho.

Contact for Price

Seller Details

 https://secretstalks.com/

 DELHI

 09315895421

Reply to https://secretstalks.com/


  • Meet in a public place during the daytime when other people will be around.
  • Check the item before you buy
  • Pay only after collecting the item
  • Get a verifiable telephone number for the seller.
  • Never send advance payment under any circumstances.
  • Ask for clear information on condition of the good, price, payment and delivery method.
  • Always use the "Reply to Seller" to get in touch with the seller. This will help us notify you immediately if we are made aware of any fraudulent activities by the seller.

Recommended for You in Other Services


Share to Buy Today: Top 5 Tips for Investing
Oil Body Massage By Females Near Roopwas Tonk 9784700979
Skyaltum, The ROI-Driven Digital Marketing Agency in Bangalore!
Full Body Massage Services Near Gothara Tonk 9784700979
Buy Sex Toys In Bhopal at Very Low Price Call 8585845652
Aroma Body Massage Arjunpur Lucknow 7565871026
Cross Body Massgae In vishwas khnd 8588083202
SHELTERTECH INDIA GREENPRO PRODUCTS