Indian bike taxi platform Rapido raises $52m in fresh funding

Photo: Rapido blog

Bike taxi platform Rapido Monday said that it has raised $52 million in its latest round of funding from new investors including Shell Ventures, Yamaha, Kunal Shah (founder, CRED), Amarjit Singh Batra (CEO, Spotify India) and Positive Moves Consulting.

Existing investors, including Pawan Munjal of Hero Group, Westbridge, Nexus Venture, and Everblue Management, also participated in the funding.

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