🦄 Rapido gets its horn: Bike-taxi startup Rapido reached $1 billion in valuation after raising $120 million in a new funding round led by WestBridge Capital. Rapido's focus on two-wheeler transportation, instead of cabs, has allowed it to navigate the challenges that have hindered the growth of traditional cab-hailing services in India, capitalizing on the widespread use of motorcycles and scooters in the country's congested urban centers. Read more
🏛️ On the cutting edge of government: GovWell raised $4.5 million in new funding. The startup offers a workflow system for small- and medium-sized governments that helps automate and streamline tasks ranging from building permits and code to zoning to fire safety inspections. Read more
🐝 The buzz on AI: We're seeing a bunch of companies trying to make wearable hardware so that people can use AI in their day-to-day lives. The latest entrant in this space is Bee AI, and it's raised $7 million to build out its wearable AI assistant that listens to you to learn more about you, take notes, surface contextual reminders and build lists. The company also has a companion Apple Watch app. Read more
🚘 There will be more than one stop: Uber is rolling out concurrent rides in India, a feature that allows users to book up to three trips for any of their contacts. The concurrent rides feature is the latest example of Uber developing products that will capture more customers, including those who don't have the app or even a smartphone. Read more
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