Rapido is the third startup to turn a unicorn this year after Bhavish Aggarwal's AI venture Krutrim and B2B SaaS fintech firm Perfios.
After more than a year of funding slowdown, investment for the startup industry is looking up with a few large sized deals back on the table. Earlier this year, quick commerce startup Zepto bagged USD 665 million from investors in the year's biggest funding round so far. Companies like Purplle have also pocketed over USD 100 million funding from investors. With the budget proposing to abolish the angel tax, funding for the ecosystem is expected to get a boost.
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