Workflow
Accel backs Uber rival Rapido as Prosus boosts stake
TechCrunch·2025-11-07 06:12

Accel has invested in Rapido, the ride-hailing platform competing with Uber in India, while Prosus has increased its stake, after Indian two-wheeler giant TVS Motor sold its entire holding.On Thursday, TVS Motor said in a stock exchange filing (PDF) that it has sold its entire stake in Rapido for ₹2.88 billion (about $32 million) to Accel and Prosus’ investment unit, MIH Investments, securing a return of more than 152% over the past three years. Founded in 2015, Rapido has grown into a major player in Indi ...