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The Economic Times

Puran Choudhary

Rapido's early backers look to sell shares worth Rs 100 crore

Rapido Swiggy ET Prosus Uber Accel Ola

Some angel investors in urban mobility startup Rapido are selling a stake worth Rs 100 crore as part of a larger ongoing secondary transaction, people aware of the matter told ET.

The sale is part of a broader $730-million funding that combines primary and secondary transactions. ET had reported in September that Rapido was stitching together such a round.

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