Rapido, the mobility startup operated by Roppen Transportation Services Pvt. Ltd., has successfully raised $240 million in a funding round led by Prosus, with additional participation from WestBridge Capital and Accel. This investment is part of a larger $730 million financing effort, bringing Rapido's valuation to $3 billion. Co-founder Aravind Sanka emphasized that the new capital will be directed towards expanding into new markets, enhancing existing operations, and investing in technology and talent. The company aims to deepen its presence in high-growth markets while addressing critical gaps in affordable mobility and employment opportunities across India. With operations in over 400 cities, Rapido offers diverse services, including bike taxis, auto-rickshaws, and food delivery. Investors like Ashutosh Sharma from Prosus and Abhinav Chaturvedi from Accel expressed confidence in Rapido's ability to scale sustainably and effectively meet the evolving mobility needs of both urban and rural populations.