TVS Motor booked a 152% return as it sold its Rapido stake to Accel and Prosus. Founded in 2015, Rapido has grown into a major player in India’s ride-hailing market, competing with Uber, Ola, and inDrive.
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Accel backs Uber rival Rapido as Prosus boosts stake
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It’s interesting to see how investments in rideshare companies are evolving, especially with Accel backing Rapido. The significant return for TVS Motor highlights the potential of this sector. Looking forward to seeing how Rapido grows with this support!