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Total amount raised
$794 Million
Latest funding date
2026-05-15
Location
Rapido has raised funding across 12 disclosed rounds, with the latest being a $240 million Series F led by Prosus in May 2026 at a $3 billion valuation. The platform offers services for booking bike taxis, autos, and cabs.
Keep reading to explore the intricacies of Rapido's fundraising journey and the investors backing this innovative platform.
Rapido has raised funding across multiple rounds backed by prominent investors including Prosus, WestBridge Capital, Nexus Venture Partners, Accel, Swiggy, Shell Ventures, TVS Motor Company, and others.
Keep reading to explore Rapido's full fundraising journey, from its earliest seed round to its $240 million Series F led by Prosus in May 2026, which valued the company at $3 billion.
What Is Rapido?
Rapido (legally Roppen Transportation Services Private Limited) is India's leading bike taxi aggregator, founded in 2015 by Aravind Sanka, Pavan Guntupalli, and SR Rishikesh. Headquartered in Bengaluru, India, the platform connects passengers with bike taxi captains for affordable, quick intra-city rides. Rapido has expanded beyond bike taxis to include auto rickshaw and cab hailing, parcel delivery, and third-party logistics services. It operates in 150+ Indian cities and has completed over 100 million rides. Rapido crossed unicorn status in 2024 and was valued at $3 billion in its May 2026 Series F round.
How Much Funding Has Rapido Raised?
- Seed Round
- Amount Raised: ~$181,000 (undisclosed full amount)
- Date: May 2015
- Lead Investors: Undisclosed
- Series A (Tranche 1)
- Amount Raised: USD 4,000,000
- Date: March 2018
- Lead Investors: Skycatcher
- Series A (Tranche 2)
- Amount Raised: USD 7,000,000
- Date: January 2019
- Lead Investors: Astarc Ventures, Integrated Capital, Skycatcher
- Series A (Tranche 3)
- Amount Raised: USD 11,200,000
- Date: April 2019
- Lead Investors: Nexus Venture Partners
- Participants: Karina Choudhrie Tech Sponsors India, Integrated Capital
- Series B
- Amount Raised: USD 55,000,000
- Date: August 2019
- Lead Investors: WestBridge Capital
- Participants: Nexus Venture Partners, BAce Capital, Shunwei Capital, Skycatcher, Konark Trust, Sabre Investment, Integrated Growth Capital
- Series C
- Amount Raised: USD 52,000,000
- Date: August 2021
- Lead Investors: Shell Ventures, Yamaha Motor Ventures
- Participants: WestBridge Capital, Nexus Venture Partners, Everblue Management, Pawan Munjal (Hero Group), Kunal Shah (CRED), Positive Moves
- Series D
- Amount Raised: USD 180,000,000
- Date: April 2022
- Lead Investors: Swiggy
- Participants: TVS Motor Company, WestBridge Capital, Shell Ventures, Nexus Venture Partners
- Valuation: ~$800 million
- Series E (Tranche 1)
- Amount Raised: USD 200,000,000
- Date: September 2024
- Lead Investors: WestBridge Capital
- Participants: Nexus Venture Partners, Think Investments, Invus Group
- Valuation: $1.1 billion (unicorn status achieved)
- Series E (Tranche 2)
- Amount Raised: USD 29,700,000 (~₹250 crore)
- Date: February 2025
- Lead Investors: Prosus
- Series E (Tranche 3)
- Amount Raised: USD 15,000,000 (~₹125 crore)
- Date: June 2025
- Lead Investors: Nexus Venture Partners
- Secondary Market
- Amount Raised: USD ~271,000,000 (secondary stake sale; Swiggy's ~12% stake acquired by Prosus (~$222M) and WestBridge (~$49M))
- Date: September 2025 (announced); CCI approved January 2026
- Lead Investors: Prosus, WestBridge Capital
- Note: Secondary transaction, no fresh capital to Rapido. It covered Swiggy's 11.8% stake for ~₹2,400 crore (~$271M), at a $2.3 billion valuation. CCI approval was granted January 6, 2026.
- Series F
- Amount Raised: USD 240,000,000
- Date: May 15, 2026
- Lead Investors: Prosus
- Participants: WestBridge Capital, Accel
- Valuation: $3 billion (post-money)
- Note: The $240M primary investment formed part of a larger $730M primary and secondary financing, in which Swiggy and TVS Motor Company fully exited through a share sale. The secondary portion did not provide fresh capital to Rapido.
Total Amount Raised: At least $794M based on disclosed primary funding rounds (Seed through Series F). The September 2025 secondary market transaction (~$271M) and the secondary portion of the May 2026 financing involved transfers of existing shares and did not represent new capital raised by Rapido. As of September 2026, the company's latest disclosed round is its May 2026 Series F.
Key Investors
- WestBridge Capital
- Details: WestBridge Capital is Rapido's largest institutional backer and has led or participated in multiple rounds including the Series B, Series C, Series D, Series E, and the May 2026 Series F. It also acquired part of Swiggy's stake in the 2025 secondary transaction.
- Nexus Venture Partners
- Details: Nexus Venture Partners led Rapido's Series A (Tranche 3) and Series E (Tranche 3, June 2025), and has participated in nearly every subsequent round. It is one of Rapido's earliest institutional investors.
- Prosus
- Details: Dutch technology investment firm Prosus invested $29.7M in Rapido's February 2025 Series E extension, acquired Swiggy's ~12% stake (~$222M worth) in the September 2025 secondary transaction, and led the $240M Series F in May 2026 at a $3 billion valuation.
- Accel
- Details: Accel participated in Rapido's $240M Series F round in May 2026, which was led by Prosus at a $3 billion valuation.
- Swiggy
- Details: Swiggy led Rapido's $180M Series D round in April 2022, acquiring a ~12% stake. In September 2025, Swiggy sold its stake to Prosus and WestBridge for ~₹2,400 crore, and it fully exited Rapido through the secondary portion of the May 2026 financing.
- Shell Ventures
- Details: Shell Ventures co-led Rapido's Series C in August 2021 and continued as a participant in the Series D round.
- TVS Motor Company
- Details: TVS Motor Company invested in the Series D round in April 2022 and fully exited its holding through the secondary component of the May 2026 financing.
What's Next for Rapido?
Rapido closed a $240 million primary round led by Prosus in May 2026 at a $3 billion post-money valuation, with WestBridge Capital and Accel also participating, as part of a larger $730 million primary and secondary transaction in which Swiggy and TVS Motor Company fully exited. The company remains privately held and has raised at least $794 million in disclosed primary funding since 2015. Rapido continues to operate bike taxis, auto rickshaw and cab hailing, parcel delivery, and third-party logistics across more than 150 Indian cities, having completed over 100 million rides. Prosus has framed the investment as backing India's digital economy, and the fresh capital gives Rapido a larger balance sheet to grow those mobility and delivery lines.
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