About Rapido
Rapido is a company based in Bengaluru (India) founded in 2015 by Rishikesh S R and Aravind Sanka. Rapido has raised $573.93 million across 13 funding rounds from investors including Swiggy, Shell and TVS Motor Company. The company has 660 employees as of February 13, 2025. Rapido has completed 3 acquisitions, including Getbike, VahAnalytics and vahananalytics.com. Rapido operates in a competitive market with competitors including Bikxie, Hitch Biker, Haye, Getbike and Pillion Rides, among others.
- Headquarter Bengaluru, India
- Employees 660 as on 13 Feb, 2025
- Founders Rishikesh S R, Aravind Sanka
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Roppen Transportation Services Private Limited
- Date of Incorporation 05 Jan, 2015
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$19.11 M (USD)79.55as on Mar 31, 2022
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Net Profit
-$53.11 M (USD)-163.84as on Mar 31, 2022
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EBITDA
-$54.07 M (USD)-155.98as on Mar 31, 2022
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Total Equity Funding
$573.93 M (USD)
in 13 rounds
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Latest Funding Round
$15 M (USD), Series E
Jun 10, 2025
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Investors
Swiggy
& 72 more
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Employee Count
660
as on Feb 13, 2025
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Investments & Acquisitions
Getbike
& 2 more
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People of Rapido
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Funding Insights of Rapido
Rapido has successfully raised a total of $573.93M across 13 strategic funding rounds. The most recent funding activity was a Series E round of $15 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Rapido
Rapido has secured backing from 73 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Swiggy, Shell and TVS Motor Company.
| Investor | Description | Founded Year | Domain | Location |
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Tech companies are invested in by this venture capital firm.
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Investor details for Rapido
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Investments & Acquisitions by Rapido
Rapido has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Getbike, VahAnalytics and vahananalytics.com.
Investment portfolio details for Rapido
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bike taxis are hailed via a mobile app in Hyderabad.
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AI and SaaS-based driver behavior analytics solutions are offered.
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Locked | Locked | 2016 | Locked | |
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Limited information is available regarding core activities.
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Locked | Locked | 0 | Locked |
Complete acquisition details for Rapido
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Financial Statements - Rapido
Detailed financials for Rapido
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Rapido Comparisons
Peer comparison for Rapido
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- Named peers
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Competitors of Rapido
Rapido operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bikxie, Hitch Biker, Haye, Getbike and Pillion Rides, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Bike taxis are booked via a mobile application in Gurugram.
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App-based platform for book taxi or bike services
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Functions as an app-based aggregator for bike ride-hailing services.
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Bike taxis are hailed via a mobile app in Hyderabad.
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Provides electric scooter taxi services for convenient urban transportation.
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Detailed competitors of Rapido
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Latest news on Rapido
Complete news archive for Rapido
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Frequently Asked Questions about Rapido
Rapido was founded in 2015.
Rapido is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Aravind Sanka is the current CEO of Rapido. They have also founded this company.
Rapido is a funded company, having raised a total of $573.93M across 13 funding rounds to date.
As of Feb 13, 2025, the latest employee count at Rapido is 660.
Annual revenue of Rapido is $19.11M as on Mar 31, 2022.
Founded in 2015 in Bengaluru, India, Rapido functions as a mobility platform in the transportation sector. Passengers are connected with driver partners through a mobile app for intra-city rides, including bike taxis, auto rickshaws, and cabs. Real-time tracking, fare estimation, and cashless payments are supported. Operations extend across multiple cities in India, focusing on first-mile and last-mile connectivity solutions.
Rapido's top competitors include Bikxie, Pillion Rides and Hitch Biker.
Rapido has made 3 acquisitions, including Getbike, VahAnalytics, and vahananalytics.com.
Rapido has 73 investors. Key investors include Swiggy, Shell, TVS Motor Company, xto10x, and Nexus Venture Partners.
The valuation of Rapido is $1.08B as of Dec 2024.