Rapido invests Rs 600 Cr to earn Rs 145 Cr in FY22

  • Bike taxi aggregator Rapido invested $180 million at a valuation of over $800 million and became a soonicorn in April 2020.
  • Rapido experienced a threefold growth in its valuation and over 90% rise in its scale during FY22.
  • Despite the growth, the Swiggy-backed firm continued to incur losses, with its losses increasing by 2.6X.

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