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 gro
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