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Total amount raised
$549M
Latest funding date
2026-01-06
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.
Rapido has raised funding across multiple rounds backed by prominent investors including WestBridge Capital, Nexus Venture Partners, Prosus, Swiggy, Shell Ventures, TVS Motor Company, and others.
Keep reading to explore Rapido's full fundraising journey, from its earliest seed round to its latest secondary market transaction.
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. In 2024, Rapido achieved unicorn status with a valuation exceeding $1 billion.
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; represents Swiggy's full exit from its 11.8% stake for ~₹2,400 crore (~$271M). CCI approval granted January 6, 2026.
Total Amount Raised: At least $549M based on disclosed primary funding rounds (Seed through Series E). The September 2025 secondary market transaction (~$271M) involved the transfer of existing shares and did not represent new capital raised by Rapido.
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, and Series E. 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 and also acquired Swiggy's majority stake (~$222M worth) in the September 2025 secondary transaction, becoming a significant shareholder.
- Swiggy
- Details: Swiggy led Rapido's $180M Series D round in April 2022, acquiring a ~12% stake. In September 2025, Swiggy sold its entire stake to Prosus and WestBridge for ~₹2,400 crore, exiting with approximately 2.5x returns.
- 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 later sold part of its stake via secondary transactions in late 2025.
What's Next for Rapido?
As Rapido continues to solidify its position in India's ride-hailing market, the company is focused on expanding its services beyond bike taxis to include auto rickshaws and cabs. With a growing user base and increasing demand for affordable urban transportation, Rapido is well-positioned to capitalize on the shift toward app-based mobility solutions. The company is also exploring opportunities in hyperlocal delivery, which could further diversify its revenue streams and strengthen its market presence. As it scales operations and refines its technology platform, Rapido aims to become a comprehensive urban mobility solution for millions of users across India.
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