Core Insights - Accel has invested in Rapido, a ride-hailing platform in India, while Prosus has increased its stake after TVS Motor sold its entire holding for ₹2.88 billion (approximately $32 million), achieving a return of over 152% in three years [1][3]. Company Overview - Founded in 2015, Rapido has become a significant competitor in India's ride-hailing market, initially starting with bike taxis and later expanding into auto-rickshaw bookings, car services, and courier services. Recently, it has begun piloting a food-delivery service in select cities [2]. Investment Details - TVS Motor first invested in Rapido in April 2022 during a $180 million Series D funding round, acquiring its stake for ₹1.14 billion [3]. - In the latest transaction, Accel purchased 11,997 preference shares, while Prosus acquired 11,988 preference shares and 10 equity shares, with both investors paying approximately ₹1.44 billion (around $16 million) each [4]. Market Position and Valuation - Prosus has previously expanded its stake in Rapido through a secondary share sale in September, which doubled Rapido's valuation to $2.3 billion [6]. Future Prospects - Rapido is in discussions with Accel and Prosus for a new primary funding round expected to close next year, although the exact funding size is yet to be determined [5].

Dutch investment firm Prosus NV is looking to invest $150-180 million to grab the largest chunk of Swiggy’s 12% stake in Rapido, even as Nexus Venture Partners and WestBridge Capital are keen to increase their holding in the ride-hailing firm, three people said. Rapido is “likely to be valued at $2.5-2.7 billion" for the stake sale, one of them said. At that valuation, Swiggy’s 12% stake in Rapido will likely be valued at a little over $320 million, or ₹2,825 crore. Rapido was previously valued at $1.1 bil ...

Group 1: Berkshire Hathaway and Bill Ackman - Berkshire Hathaway has transformed from a small textile mill into a trillion-dollar company under Warren Buffett, achieving an annual stock return of 20% since 1965 [1] - Bill Ackman aims to replicate this success with Howard Hughes Holdings, planning to acquire controlling interests in quality businesses, with Pershing Square Capital Management holding a 46.9% stake [2][3] Group 2: Amazon - Bill Ackman began purchasing Amazon shares in Q2, believing the company can navigate challenges in its cloud computing division, with Wall Street estimating a 10% annual earnings growth through 2026 [5][6] - Amazon's revenue growth is projected at 11.6% annually for retail e-commerce, 14.4% for ad tech spending, and 20.4% for cloud computing through 2030 [6] - The introduction of the generative AI model DeepFleet aims to enhance warehouse efficiency, potentially reducing travel time for robots by 10% and lowering shipping costs [8] - Earnings for Amazon could increase at 15%+ annually through the end of the decade, making current valuations more justifiable [9] Group 3: Uber Technologies - Bill Ackman started buying Uber shares when priced under $70, with the stock becoming the largest holding in his portfolio by March 31, highlighting Uber as a well-managed business [10] - Uber operates the largest ride-sharing and food delivery platforms globally, with ride-sharing revenue expected to grow at 21% annually, approaching $920 billion by 2033 [11] - Wall Street estimates Uber's earnings will grow at 26% annually over the next three to five years, making its current valuation of 16 times earnings reasonable [13] - Partnerships with autonomous vehicle companies position Uber to benefit from the robotaxi market, with various collaborations set to expand in the coming years [12][14]

This company is a mainstay in its field and has minimal competition. One wrench that is getting thrown in the mix is self-driving vehicle technology. Start-ups such as Waymo -- backed by technology giant Alphabet -- are rapidly expanding across the United States with an improved customer value proposition. Is this a threat to Uber's monopoly? Despite the recent market drawdown, many growth stocks still look overvalued at the moment. The S&P 500 price-to-earnings (P/E) ratio is 29, which is close to a record ...