Shunwei Capital backs Indian bike-taxi service Rapido's $55m Series B round

Shunwei Capital backs Indian bike-taxi service Rapido's $55m Series B round

Photo from Rapido's Facebook page

Indian bike-taxi service app Rapido has secured $55 million in a Series B round of financing from a group of investors including Shunwei Capital, a Chinese venture capital firm led by smartphone maker Xiaomi’s founder Lei Jun.

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