Rapido turns unicorn, bags $200M in Series E funding

Quick Summary:

The newly raised funds will be used to expand Rapido’s operations across the country and scale its technology platform.

Its net loss for the period widened to Rs 674.6 crore, compared with Rs 439 crore in FY 2021-22, according to data from Tracxn.

The newly raised funds give the Bengaluru-based company a post-money valuation of $1.1 billion.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: IndiaChad

Topics: Terms Rapido Platform Data Policy Raised Privacy Operations Significant Information Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 06:10:34 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 281 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22372667

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