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This is Rapidos first fundraise since 2019, when it snagged back-to-back funding from Nexus and Westbridge Capital. The latest funding round was led by Westbridge Capital and saw the participation of Yamaha among several others. ....
Bike Taxi platform Rapido raises $52m in latest funding round thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Bike taxi platform Rapido raises $52m from Shell Venture, Yamaha thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Data Vantage: Carro, HappyFresh secure fresh capital + other updates Carro and Indonesia’s grocery delivery service HappyFresh raising the bulk of new funding last week. Carro recorded $84 million in additional paid-up capital last week. Of this, $50 million came from Singapore-registered Sun Tzu Tech, an entity 100% owned by EVG Fund II, which is managed by East Ventures. SoftBank Vision Fund ($200 million), Mitsui Sumitomo Insurance ($14 million), B Capital Group ($5 million) and others. In total, the company has received $312 million out of the $360 million it announced having secured for its Series C round. With the latest tranche of financing, Carro has inched closer to unicorn status with $954.2 million in valuation to date, our data shows. ....