Mobility platform Rapido has successfully raised $240 million in a funding round led by Prosus, with participation from WestBridge Capital and Accel, bringing its total financing to $730 million and valuing the company at $3 billion. This capital will enable Rapido to expand its services beyond India's major cities into Tier-2 and Tier-3 markets, where there is a rising demand for affordable transportation and flexible earning opportunities. Co-founder Aravind Sanka emphasized that the investment will help unlock both mobility and livelihoods, addressing significant gaps in urban transportation. The company plans to enhance its technology and expand its captain network to provide reliable earnings. Prosus's Ashutosh Sharma noted that mobility is becoming a crucial part of India's digital economy, while WestBridge's Sumir Chadha highlighted Rapido's focus on affordability and efficiency. Additionally, Rapido is committed to inclusivity by onboarding more women captains and ensuring safety for women riders. Founded in 2015, Rapido operates across more than 400 cities in India and offers a variety of services, including bike taxis and food delivery.