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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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.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series E — $15.0M
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First Round
First Round
(08 May 2015)
- Investors Count 73
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series E - Rapido | Valuation | Nexus Venture Partners |
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| Dec, 2024 | Amount | Series E - Rapido | Valuation | Prosus |
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| Jul, 2024 | Amount | Series E - Rapido | Valuation | WestBridge Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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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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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rapido
Rapido has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Getbike, VahAnalytics and vahananalytics.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2016 | ||||
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AI and SaaS-based driver behavior analytics solutions are offered.
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2016 | ||||
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Limited information is available regarding core activities.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rapido
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rapido Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bike taxis are booked via a mobile application in Gurugram.
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| domain | founded_year | HQ Location |
App-based platform for book taxi or bike services
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| domain | founded_year | HQ Location |
Functions as an app-based aggregator for bike ride-hailing services.
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| domain | founded_year | HQ Location |
Bike taxis are hailed via a mobile app in Hyderabad.
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| domain | founded_year | HQ Location |
Provides electric scooter taxi services for convenient urban transportation.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rapido
Frequently Asked Questions about Rapido
When was Rapido founded?
Rapido was founded in 2015.
Where is Rapido located?
Rapido is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Rapido?
Aravind Sanka is the current CEO of Rapido. They have also founded this company.
Is Rapido a funded company?
Rapido is a funded company, having raised a total of $573.93M across 13 funding rounds to date. The company's 1st funding round was a Series E of $200M, raised on May 08, 2015.
How many employees does Rapido have?
As of Feb 13, 2025, the latest employee count at Rapido is 660.
What is the annual revenue of Rapido?
Annual revenue of Rapido is $19.11M as on Mar 31, 2022.
What does Rapido do?
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.
Who are the top competitors of Rapido?
Rapido's top competitors include Bikxie, Pillion Rides and Hitch Biker.
How many acquisitions has Rapido made?
Rapido has made 3 acquisitions, including Getbike, VahAnalytics, and vahananalytics.com.
Who are Rapido's investors?
Rapido has 73 investors. Key investors include Swiggy, Shell, TVS Motor Company, xto10x, and Nexus Venture Partners.
What is Rapido's valuation?
The valuation of Rapido is $1.08B as of Dec 2024.