Rapido's $240M at $3B: Prosus Doubles Down on India's Mobility Leader
India's Rapido raised $240M at a $3B valuation in May 2026, led by Prosus, as part of a $730M financing to defend its lead in two-wheeler mobility against Uber.
2026 venture capital activity reflects a market balancing AI infrastructure bets, selective growth equity, and renewed interest in capital-efficient startups. Our coverage tracks the rounds, fund launches, and strategic shifts that matter for founders and investors.
Read the latest 2026 VC news and funding roundups below.
India's Rapido raised $240M at a $3B valuation in May 2026, led by Prosus, as part of a $730M financing to defend its lead in two-wheeler mobility against Uber.
Bengaluru's Sarvam AI reached a $1.5B valuation in 2026 with a ~$350M round backed by HCLTech, Nvidia, and Amazon — India's flagship sovereign-AI bet.
Anduril raised $5B at a $61B valuation in May 2026, led by Thrive Capital and a16z — more than doubling its mark in a year and cementing defense tech as a core venture category.
Anagram Therapeutics raised $250M in May 2026, one of the largest biotech rounds of the period, proving life-sciences capital is alive alongside AI.
Astranis raised $455M in May 2026 to scale its small geostationary satellites, bringing dedicated connectivity to underserved regions and customers.
Astrocade raised $56M across a Sequoia-led Series B and a Sea-led Series A in May 2026, building an AI platform for creating games.