Rapido
Founded Year
2015Stage
Secondary Market - II | AliveTotal Raised
$472.18MLast Raised
$32.47M | 14 days agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-6 points in the past 30 days
About Rapido
Rapido offers app-based transportation solutions in the mobility sector. Its services include bike taxi rides, auto rickshaw services, and delivery solutions. It was founded in 2015 and is based in Hyderabad, India.
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Research containing Rapido
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Rapido in 1 CB Insights research brief, most recently on Oct 3, 2024.
Oct 3, 2024 report
State of Venture Q3’24 ReportExpert Collections containing Rapido
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Rapido is included in 4 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
4,666 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,309 items
Smart Cities
2,188 items
Mobility-as-a-Service
615 items
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
Latest Rapido News
Nov 17, 2025
In a filing with the competition regulator, MIH Investments One BV said the stake acquisition in Roppen Transportation Services (Rapido) “will not lead to any change in the competitive landscape or cause any appreciable adverse effects on competition in India, irrespective of the manner in which the relevant market is delineated”. MIH, an indirect wholly owned subsidiary of Prosus, doesn't undertake any business activity other than holding investments in its portfolio companies having businesses in India, as per the filing. The filing didn't mention the quantity of stake it plans to purchase. Prosus held 2.7% in Rapido as of June, as per market intelligence platform Tracxn. In September, food and grocery delivery firm Swiggy announced its plan to sell its entire 11.8% stake in Rapido to Prosus and WestBridge Capital for a total of Rs 2,400 crore. Of this, Prosus alone was to acquire shares worth Rs 1,968 crore. Swiggy had cited conflict of interest as the reason for selling its Rapido holding, after the latter entered the food delivery space. The transactions valued Rapido at ₹ 20,330 crore (about $2.3 billion), reflecting a surge from its $1.1-billion valuation when the mobility firm raised funds in 2024. Earlier this month, TVS Motor Company said it would offload its shares in Rapido to Prosus and venture capital firm Accel for a total of Rs 288 crore. Various funds, including Prosus, account for a 59.19% stake in Rapido, according to the Tracxn data.
Rapido Frequently Asked Questions (FAQ)
When was Rapido founded?
Rapido was founded in 2015.
Where is Rapido's headquarters?
Rapido's headquarters is located at Sai Prithvi Arcade, Sri Rama Colony, Hyderabad.
What is Rapido's latest funding round?
Rapido's latest funding round is Secondary Market - II.
How much did Rapido raise?
Rapido raised a total of $472.18M.
Who are the investors of Rapido?
Investors of Rapido include Prosus Ventures, TVS Motor Company, Accel, Swiggy, Westbridge Capital and 34 more.
Who are Rapido's competitors?
Competitors of Rapido include Bounce Infinity, Tembici, Ola, MYBYK, Tilt and 7 more.
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Compare Rapido to Competitors
Bikxie offers last-mile connectivity to commuters. The company aims to ease the daily commute of college students and office goers by operating bike taxis.
Epick Bikes specializes in the design and manufacture of electric bicycles, operating within the micro-mobility and electric vehicle sectors. The company offers a range of electric bicycles that cater to individual and business needs, focusing on eco-friendly transportation solutions with features like swappable battery packs and GPS tracking. Epick Bikes primarily serves the hyperlocal delivery sector and EV fleet operators, providing cost-effective and sustainable transportation options. It was founded in 2016 and is based in Hyderabad, India.
Bird focuses on micro-electric mobility solutions within the transportation sector. It provides electric bikes and scooters designed for urban transportation options. Its services address the micromobility needs of cities and their residents. It was founded in 2017 and is based in Miami, Florida.
Bounce Infinity specializes in electric scooters and operates within the smart mobility solutions sector. Its main offerings include electric scooters equipped with detachable batteries that can be charged at any plug point. The scooters have a real-world range of over 70 km and top speeds of up to 65 kmph. Bounce Infinity was formerly known as Metro Bikes. It was founded in 2014 and is based in Gurgaon, India.
ONN Bikes is a mobility platform that offers electric bikes and motorbikes for rent, catering to daily commuters and enterprises. The company provides services aimed at reducing urban congestion and carbon emissions, primarily serving the commuting sector. It was founded in 2015 and is based in Mumbai, India.
E-Moving is a company that provides electric bike subscription services. They offer a range of e-bikes for personal and corporate use, with plans that include maintenance, theft protection, and flexible subscription terms. E-Moving serves individuals and businesses seeking transportation solutions. It was founded in 2015 and is based in Sao Paulo, Brazil.
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