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1. Which ride-hailing startup became a unicorn with a fresh $120 million funding in 2023?
Rapido, a ride-hailing startup, raised $120 million in fresh funding led by WestBridge Capital in 2023, reaching a $1 billion valuation and achieving unicorn status. This milestone makes Rapido the third startup to join the unicorn club in 2023, following Krutrim and Perfios. The significant investment highlights the renewed activity and growth in the Indian startup ecosystem, particularly after a period of funding slowdown.