Indian ride-hailing startup Rapido has raised $240 million in a new funding round, valuing the company at $3 billion. The company differentiates itself from Uber and Ola by focusing on two-wheelers and auto-rickshaws, offering more affordable transportation options in India's competitive ride-hailing market.
Background
India's ride-hailing market is dominated by Ola and Uber, but several local players like Rapido have emerged by targeting specific market segments with more affordable transportation options.
- Source
- TechCrunch
- Published
- May 15, 2026 at 07:24 PM
- Score
- 5.0 / 10