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Indian ride-hailing company Rapido said on Friday it had raised $240 million in fresh funding at a $3 billion valuation to compete better in the country’s growing but challenging mobility market. Led by Prosus, the equity round saw participation from existing investors, including WestBridge Capital and Accel. The round was part of a larger $730…
“#What Prop. 22 could mean for the gig economy nationwide” Prop. 22 passed despite driver rallies like this one in Los Angeles last month. Image: Al Seib/Shutterstock After Election Day in California, labor groups and coalitions of drivers were devastated. Ride-hailing companies were relieved. With Prop. 22’s passage in California, Lyft, Uber, DoorDash, and other…