This is a Rapido news story, published by TechCrunch, that relates primarily to WestBridge Capital news.
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•76% Informative
Rapido becomes latest Indian startup to become a unicorn, or reach $1 billion in valuation.
The eight-year-old bike-taxi startup has raised $120 million in a new funding round led by WestBridge Capital .
Rapido has emerged as a formidable challenger to the long-standing duopoly of Uber and Ola .
Swiggy has filed for an initial public offering, seeking to raise $1.25 billion from the event.
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