📈 Prosus doubles down on Rapido, pushing valuation to $2.3B

[johnblockbuster]

Prosus has steadily increased its stake in Rapido, most recently through a secondary share purchase in September, when Swiggy exited the startup.
That deal doubled Rapido’s valuation to $2.3 billion, per TechCrunch.

Both Accel and Prosus — early Swiggy investors — now see Rapido as a key player in India’s fast-growing mobility and delivery ecosystem.

[alex10]

That’s serious confidence — Rapido’s next phase looks solid.

[Nahid Hossen]

The mobility race in India is heating up again.