In 2024, Rapido became the third startup to achieve unicorn status

Daily Current Affairs / In 2024, Rapido became the third startup to achieve unicorn status

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Category : Business and economics Published on: August 03 2024

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Rapido, a ride-hailing startup founded in 2015, achieved unicorn status in 2024 after raising $120 million in Series E funding led by WestBridge Capital, with an additional $20 million expected from global investors.
The company plans to further develop its technology stack and enter markets dominated by Ola and Uber, joining Perfios and Krutrim AI as the third startup to reach unicorn status in 2024.

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In 2024, Rapido became the third startup to achieve unicorn status