Rapido To Get Another Tank Full Of Investments, Likely To Raise $60 Mn From Pros...

Rapido, a bike-taxi startup, is set to raise $60 million from Prosus in its latest funding round. The investment will be used to expand Rapido’s services and enhance its technology platform. Rapido has been focusing on increasing its market share in the bike-taxi segment and improving its operational efficiency. The company aims to leverage the new funds to strengthen its presence in existing markets and explore new opportunities. Rapido’s growth strategy includes expanding its fleet, enhancing customer experience, and investing in technology to streamline operations and improve service delivery.