Dutch investment firm Prosus is set to invest approximately $350 million (₹3,000–3,100 crore) in ride-hailing platform Rapido, nearly 50% more than its earlier commitment of $200 million, according to sources. The funding will be a mix of primary capital infusion and secondary share purchases, with a major portion allocated to acquiring shares from existing investors, including Swiggy, which is exiting Rapido to avoid conflicts of interest. Prosus will reportedly purchase shares worth ₹1,968 crore ($223 million) and provide around $125 million in fresh capital to support Rapido’s growth.
Prosus currently holds a 6–6.5% stake in Rapido, which is expected to rise to 15% after the deal, making it the second-largest shareholder after Westbridge Capital, which will hold around 25%. Westbridge is also investing $49 million in the round. Accel, an early investor in Swiggy, is in advanced talks to participate through its growth fund.
The total funding round, including both primary and secondary components, is expected to exceed $400 million—one of the largest in 2025. Rapido’s valuation has jumped from $1.1 billion last year to $2.5–2.7 billion currently, as it expands aggressively into food delivery with its new app, Ownly.