3
SUMMARY
Rapido is negotiating to raise this funding on an estimated valuation of $2.5-$2.7 Bn
Prosus might infuse this capital as a part of primary issue, secondary deal or a combination of both
In February, Rapido’s board approved the issuance of 47,743 Series E CCPS to Prosus, in exchange for INR 250 Cr
Global investor Prosus is reportedly in talks to invest an additional $200 Mn (about INR 1,752 Cr) in ride-hailing unicorn Rapido
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A Moneycontrol report, citing sources,…
