Rapido, an Indian mobility startup, has raised around $240 million in fresh funding from investors. With this new investment, the company’s valuation is expected to reach nearly $3 billion. Rapido started as a bike taxi service but has now expanded into autos, cabs, and delivery services across many cities. The funding shows strong investor confidence in India’s urban transport and startup ecosystem, where demand for affordable, quick mobility solutions is growing rapidly in both metro and smaller cities.
