Question
Which company achieved unicorn status in July 2024 after
raising around USD 120 million?Solution
Rapido, a ride-hailing startup based in Bengaluru, Karnataka, achieved unicorn status after securing USD 120 million in a Series E funding round led by WestBridge Capital in July 2024. This significant investment milestone brought Rapido’s valuation over USD 1 billion, making it one of the few Indian startups to reach unicorn status in 2024. The funding is set to bolster Rapido’s expansion and enhance its services across various Indian cities.
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