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Bike taxi startup Rapido raises $11.2 Mn led by Nexus VP


Bike taxi platform Rapido has raised $11.2 million led by Nexus Venture Partners. Rapido Holdings LLC, Integrated Capital, and Karina Choudhrie Tech Sponsors India also participated.

In January, Rapido raised around $10 million led by Integrated Capital. Rapido Holding now holds 20.72% stake in Rapido, while Integrated Capital has increased its shareholding to 14.31%. The startup will use the fresh capital for expansion and growth. (Source)

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