MUMBAI: Experience-hailing startup Rapido has raised a recent funding of $120 million led by present backer WestBridge Capital at a valuation of $1 billion, becoming a member of the ranks of unicorn startups, regulatory filings made by the corporate sourced from market intelligence platform Tofler confirmed. The infusion is a part of the corporate’s sequence E funding spherical. Rapido didn’t remark.
Rapido is the third startup to show a unicorn this 12 months after Bhavish Aggarwal’s AI enterprise Krutrim and B2B SaaS fintech agency Perfios.
After greater than a 12 months of funding slowdown, funding for the startup trade is wanting up with a couple of giant sized offers again on the desk. Earlier this 12 months, fast commerce startup Zepto bagged $665 million from buyers within the 12 months’s largest funding spherical up to now. Corporations like Purplle have additionally pocketed over $100 million funding from buyers. With the funds proposing to abolish the angel tax, funding for the ecosystem is predicted to get a lift.
Rapido is the third startup to show a unicorn this 12 months after Bhavish Aggarwal’s AI enterprise Krutrim and B2B SaaS fintech agency Perfios.
After greater than a 12 months of funding slowdown, funding for the startup trade is wanting up with a couple of giant sized offers again on the desk. Earlier this 12 months, fast commerce startup Zepto bagged $665 million from buyers within the 12 months’s largest funding spherical up to now. Corporations like Purplle have additionally pocketed over $100 million funding from buyers. With the funds proposing to abolish the angel tax, funding for the ecosystem is predicted to get a lift.
