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The $240 Million Unicorn Sprint: Rapido Leads India’s Funding Recovery Amid VC Caution
The $240 Million Unicorn Sprint: Rapido Leads India’s Funding Recovery Amid VC Caution
Startup & Ecosystem

The $240 Million Unicorn Sprint: Rapido Leads India’s Funding Recovery Amid VC Caution

Rapido's massive $240 million Series E funding marks a pivotal moment for India's ride-hailing sector, minting a new unicorn. The deal signals a shift toward localized logistics and a zero-commission model that could disrupt the Uber-Ola duopoly.

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May 16, 2026

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