🚗 Accel backs Indian ride-hailing startup Rapido; Prosus boosts stake

[johnblockbuster]

Accel has invested in Rapido, while Prosus increased its holding — following TVS Motor’s full exit, which earned the automaker a 152% return in three years.

TVS sold its entire stake for ₹2.88 billion (~$32M), as Rapido continues expanding beyond bike taxis into auto, car, courier, and food delivery services.

Founded in 2015, Rapido now competes directly with Uber, Ola, and inDrive in India’s ride-hailing market.

#Rapido #Accel #Prosus #Startups #IndiaTech #VentureCapital

[alex10]

Double down from both sides — clear sign of long-term vision.

[Nahid Hossen]

Rapido slowly turning into a serious challenger to Ola and Uber.