# Rapido

> India's Rapido raised $240M at a $3B valuation in May 2026, led by Prosus, as part of a $730M financing to defend its lead in two-wheeler mobility against Uber.

## Why it is interesting

India needs affordable, ubiquitous urban mobility. Rapido's two-wheeler-first model serves price-sensitive riders and gig drivers ("captains") across 400+ cities — a segment Uber is now chasing. - India's mobility market is huge but margin-challenged. - Two-wheeler ride-hailing is the affordable mass-market wedge. - Competition is intensifying — Uber infused $330M into its India unit in February. India's Rapido raised $240M at a $3B valuation in May 2026, led by Prosus, as part of a $730M financing to defend its lead in two-wheeler mobility against Uber.

## Profile

- **Stage:** other
- **Status:** private
- **Industries:** generalist-tech
- **Coverage:** full
- **Last updated:** 2026-05-15

## Key facts

- Disclosed financing: $240M
- Covered in 1 Venture Capital Tracker article(s)

## Related articles

- https://venturecapitaltracker.com/2026-rapido-240m-3b-mobility-india

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Source: https://venturecapitaltracker.com/startup/rapido