Total amount raised
$540.4 Million
Latest funding date
2/1/2025
Location
Rapido has successfully raised funding over 15 rounds, with the latest being a Secondary Market round. 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.
What Is Rapido?
Rapido, based in Bangalore, Karnataka, India, operates in the information services, logistics, mobile apps, taxi service, and transportation industries. The company provides a platform for booking bike taxis, autos, and cabs.
With an employee count ranging from 1001 to 5000, Rapido has established itself as a significant player in its field. Although the founding year and founder names are not available, the company's growth and multiple funding rounds highlight its success and potential.
How Much Funding Has Rapido Raised?
- Secondary Market
- Amount Raised: $300,000,000
- Date: September 2025
- Lead Investors: Prosus Ventures, WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
- Series E
- Amount Raised: $15,000,000
- Date: June 2025
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services across India and reach 500 cities by the end of the year.
- Series E
- Amount Raised: $30,000,000
- Date: February 2025
- Lead Investors: Prosus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
- Series E
- Amount Raised: $200,000,000
- Date: July 2024
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
- Series D
- Amount Raised: $180,000,000
- Date: April 2022
- Lead Investors: Swiggy
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
- Series C
- Amount Raised: $52,000,000
- Date: August 2021
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
- Series B
- Amount Raised: $55,000,000
- Date: August 2019
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
- Series A
- Amount Raised: $11,200,000
- Date: April 2019
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
- Series A
- Amount Raised: $7,000,000
- Date: January 2019
- Lead Investors: Astarc Ventures, India Technology Fund, Integrated Capital, Ka Wing Kevin Kwong, Skycatcher
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
- Series A
- Amount Raised: $4,000,000
- Date: March 2018
- Lead Investors: Skycatcher
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational scaling.
Total Amount Raised: $854,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Prosus Ventures
- Details: Prosus Ventures is a global technology investor based in the Netherlands. They have a significant stake in Rapido, having participated in multiple funding rounds.
- Investment Focus Areas: Technology, e-commerce, food delivery
- Notable Investments: Tencent, Delivery Hero, Swiggy
- WestBridge Capital
- Details: WestBridge Capital is a private equity firm that focuses on high-growth companies. They have been a consistent investor in Rapido, leading several funding rounds.
- Investment Focus Areas: Technology, financial services, healthcare
- Notable Investments: PolicyBazaar, OYO Rooms, Delhivery
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies. They have been involved in multiple funding rounds for Rapido.
- Investment Focus Areas: Technology, consumer internet, enterprise software
- Notable Investments: Postman, Unacademy, Delhivery
- Swiggy
- Details: Swiggy is a leading food delivery platform in India. They have invested in Rapido as part of their strategy to expand their logistics and delivery capabilities.
- Investment Focus Areas: Food delivery, logistics, technology
- Notable Investments: Rapido, Supr Daily, Fingerlix
- AdvantEdge
- Details: AdvantEdge is an early-stage venture capital firm. They were one of the early investors in Rapido, supporting its initial growth phases.
- Investment Focus Areas: Technology, mobility, consumer internet
- Notable Investments: Chalo, Smartivity, Rapido
What's Next for Rapido?
Rapido is poised for significant growth as it aims to expand its services to 500 cities by the end of the year. With 3.6 million rides completed daily, the company is well-positioned to capitalize on the growing demand for ride-hailing services in India. This expansion presents a substantial opportunity, especially in smaller cities and towns where the market is still developing.
Future fundraising opportunities look promising, with Rapido currently in the midst of a Series E funding round targeting $200 million. This influx of capital will enable the company to enhance its technology and operational efficiency, further solidifying its market position. Early investors may offload partial stakes, creating room for new investors to join.
However, Rapido will face challenges such as competition from established players like Uber and Ola, as well as regulatory hurdles in different regions. Managing operational costs while expanding rapidly will also be crucial. Despite these challenges, the company's strategic growth plans and strong investor backing suggest a bright future ahead.
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