Rapido
General
Grapevine: Lenskart, Purplle eye fresh funds; Blackstone changes tack for PGP Glass sale
are engaged in early discussions for fresh funding, indicating a resurgence in big-ticket deals exceeding $100 million, a media report said. Lenskart ......
General
Grapevine: Tiger Global-backed Groyyo to shut trading biz; Big FM gets two bids
Business-to-business manufacturing and automation startup Groyyo is likely to wind down its trading vertical in coming months, a media report said. Groyyo’s venture capital backers ......
Finance
Rapido backer AdvantEdge Founders to float third VC fund for mobility bets
Gurugram-based venture capital fund AdvantEdge Founders, which counts Samvardhana Motherson Group and Hero MotoCorp as its backers, is floating its third fund to back ......
TMT
Bike taxis continue to ply in Delhi, despite ban
Even as Delhi government’s transport department has asked app-based aggregators Ola, Uber and Rapido to stop their operation of motorbike ......
TMT
Bombay HC asks Rapido to stall ops in Maharashtra
Bombay High Court has directed bike taxi aggregator Rapido to stop operation in Maharashtra immediately owing to the fact that ......
Finance
Deals Digest: Companies rack up $823 mn this week; Swiggy leads Rapido's $180 mn round
Companies raised $823 million funding from venture capital (VC) and private equity (PE) this week, as more than half of ......
TMT
Swiggy leads $180 mn round in bike taxi startup Rapido
Roppen Transportation Services Pvt Ltd, which operates bike taxi app Rapido, has secured $180 million in Series D funding round ......
Finance
Weekly Deals Wrap: Total value plunges even as tech startups continue to grab headlines
Deal value across private equity, venture capital and mergers and acquisitions declined about 70% sequentially this week to $920 million ......
Consumer
Shell Ventures, Yamaha India, others invest $52 mn Series C funding in Rapido
Bengaluru-based bike taxi platform Rapido suffered losses from the Covid-19 lockdowns but investor focus has returned to the mobility space ......
General
Grapevine: Wellness Forever to float this year; Rapido looking to raise funding
Wellness Forever, an omnichannel retail pharmacy chain, is looking to raise up to Rs 1,200 crore in an initial public ......