Accel has invested in Rapido, the ride-hailing platform that competes with Uber in India, while Prosus has increased its stake after Indian two-wheeler giant TVS Motor sold its entire stake. TVS Motor said in a Thursday scholarship application (PDF) that it has sold its entire stake in Rapido for ₹2.88 billion (about $32 million) to […]
Legendary investors Accel and Prosus have launched a new investment partnership to support Indian startups from day zero, targeting founders building large-scale solutions with the potential to serve the masses in the South Asian country. The partnership, which was announced on Monday, marks the first time Prosus has invested in the founding phase. Both companies […]