Rapido’s $55 Million Round Funding

Khaitan & Co advised WestBridge on the round

Bike taxi startup Rapido has raised around ?400 crore in a round led by WestBridge Capital. New investors, Alibaba’s BAce Capital and Shunwei Capital, have also participated in the round, along with existing investor Nexus Venture Partners, shows regulatory filings with the ministry of corporate affairs, sourced from Paper.vc.

WestBridge Capital Partners is a private equity firm which focuses on investments in India. It seeks to invest in both PIPES and public, mid-market, and later stage private companies. The firm focuses on investments in the mid-sized publicly listed companies in the financial services, consumer services, healthcare, and information technology sectors

Khaitan & Co advised WestBridge with a team including Sharad Moudgal (Picture), Sanjay Khan Nagra, Nikita Arora (M&A), Ganapathy M S and Luv Mohan Saggi (Regulatory and employment / labour).

Involved fees earner: Sanjay Khan Nagra – Khaitan & Co.; Sharad Moudgal – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: WestBridge Capital LLP;

Author: Michael Patrini