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RAPIDO FUNDING ROUND
Vanguard marks Ola valuation down to $70 million, 99% lower from peakFunds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s parent, ANI Technologies, to $70 m...- Ola’s valuation crashes 99%; Snapchat India ad pushHappy Thursday! American investor Vanguard has slashed the fair value of Ola's parent company. This and more in today’s ETtech Morning Disp...
- ONDC raises Rs 220 crore from Zoho, Uber, Paytm, BSE; eyes additional capitalWhile Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs 60 crore each. BSE Technologies ha...
- ETtech Deals Digest: Startups raised $1.11 billion in May, up 37% on-yearIndian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 m...
- ETtech Deals Digest: Startups raise $122 million this week, down 5% on-yearThis week’s tally, however, was down 84% from the previous week when startups raised around $789.8 million, thanks to Rapido’s mega $730 mi...
- Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart betHappy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This a...
- ETtech Deals Digest: Startups raise $790 million in second week of MayRapido's substantial $730 million funding round significantly boosted Indian startup investments this week, reaching approximately $790 mil...
- Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.
- Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billionUrban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is p...
- Ecomm players catching up in qcomm; Iran's tech targetsHappy Friday! Ecommerce players are beefing up in the quick commerce space. This and more in today's ETtech Morning Dispatch.
- Rapido's new backer; Blinkit gets funding boostAravind Sanka's Rapido has added a new investor to its ongoing $600 million round. This and more in today's ETtech Top 5.
- US-based Accel Leaders Fund may join Rapido’s $600 million round: SourcesAlong with the two investors, Accel’s India outfit is also participating in the transaction, which includes both primary and secondary comp...
- Rapido-backer Advantedge nets 30x returns on its partial exit from firmAdvantedge continues to hold stake worth around $60-65 million in the urban mobility startup. This makes the Delhi-based firm’s total retur...
- Nexus Venture to invest Rs 125 crore in Rapido ahead of food delivery launchRapido is also chalking out plans to enter the insurance distribution space where it could target its driver partners and customers for pro...
- ETtech Deals Digest: Startup funding rises 52% on year to $220 million this weekThis week, startups raised funding through 12 rounds compared to 29 in the year-ago period, when they raised a total of $145 million, accor...
- ETtech deals digest: Startups raise $718.3 million in July 2024, marking a 4% on-year dropThe funds were raised by startups, largely in the early and late stages, through 72 rounds. Beauty retailer Purplle and ride-hailing platfo...
- Rapido rolls into the unicorn club with $120 million from WestBridgeRapido has so far raised $329 million in funding. A US-based family office and a UK-based fund are eyeing stakes in the company. The ride-h...
- Swiggy in talks to invest in Rapido as part of a larger financing roundIf the investment deal goes through it will help Swiggy enhance its last-mile delivery capabilities and bolster its quick commerce ambition...
- Rapido enters fast lane with ₹ 390 croreFirm’s post-money valuation soars to ₹1,000 cr after latest round led by Westbridge Capital.
- Pawan Munjal, Rajan Anandan invest in bike taxi operator RapidoThe company has raised pre-series A round of funding led by Munjal, AdvantEdge Partners, Astarc Ventures and Tesellate Ventures, among othe...
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