Indian ride-hailing app Rapido raised $240M led by Prosus as part of a broader primary and secondary financing transaction, valuing Rapido at $3B post-money (Pramugdha Mamgain/DealStreetAsia)

Indian ride-hailing app Rapido has successfully raised $240 million in a financing round led by Prosus, achieving a post-money valuation of $3 billion. This funding is part of a larger primary and secondary financing transaction aimed at bolstering its operations in the competitive ride-hailing market.