The fund infusion is an extension to Rapido’s Series E round in which it had raised USD 200 million last year, led by WestBridge Capital. Prosus is a new investor in the bike taxi startup ...
Separately, Rapido—that also has autorickshaws on its platform—was refused a licence to operate in Maharashtra. Even Delhi banned bike-taxis for violating the Motor Vehicles Act, while Madurai ...
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