Rapido has secured $240 million in a fresh primary funding round led by Prosus, with participation from WestBridge Capital, Accel, and other investors. The investment forms part of a larger $730 million primary and secondary transaction, valuing the Bengaluru-based ride-hailing platform at $3 billion post-money.

The latest funding marks a significant milestone for Rapido as it accelerates its expansion strategy across India’s rapidly growing mobility sector. The company plans to use the fresh capital to strengthen demand in both existing and new markets, scale its captain network, enhance technology infrastructure, and attract top talent.

Operating in over 400 cities, Rapido is also increasing its focus on tier II and smaller cities, where demand for affordable and accessible mobility solutions continues to rise sharply.

The funding further strengthens Rapido’s position in India’s competitive ride-hailing and urban mobility ecosystem.