Rapido Unicorn
Rapido (legal name Roppen Transportation Services Pvt. Ltd.) is a Bengaluru-based Indian ride-hailing platform and India's leading bike-taxi aggregator, also offering auto-rickshaw and cab hailing, parcel/logistics delivery, and (via its Ownly app) food delivery. Founded in 2015, it reached unicorn status in September 2024 and was valued at $3 billion following a $240 million Series F round in May 2026.
Rapido: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 5 Sep 2024 | Series E | $200 million | WestBridge Capital Invus Group Nexus Venture Partners Think Investments | source |
| 15 Apr 2022 | Series D | $180 million | Swiggy Nexus Venture Partners Shell Ventures TVS Motor Company WestBridge Capital | source |
| 16 Aug 2021 | Series C | $52 million | Yamaha Amarjit Singh Batra Everblue Management Kunal Shah Nexus Venture Partners Pawan Munjal (Hero Group) Positive Moves Consulting Shell Ventures WestBridge Capital | source |
| 14 Aug 2019 | Series B | $11.4M + $54.8M | WestBridge Capital BAce Capital MMPL Trust Nexus Venture Partners Sabre Partners Shunwei Capital | source |
| 10 Jan 2019 | Series A | $10M | Nexus Venture Partners Integrated Capital | source |
| 8 May 2015 | Seed | $181K | Sol Primero | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 19 Aug 2019 | Rapido | vahanalytics-urbantanz-technologies | Undisclosed | source |
| 23 May 2018 | Rapido | getbike-vave-infosolutions-india-hyderabad-based-bike-share-startup | Undisclosed | source |
Recent Signals
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15 May 2026 · funding
Rapido raises $240M Series F led by Prosus at $3B valuation, total financing hits $730M source -
3 Mar 2026 · growth-traction
Rapido launches Ownly, a zero-commission food delivery app, across Bengaluru source -
23 Sep 2025 · ma-strategic
Rapido's valuation doubles to $2.3B after Swiggy fully exits its ~12% stake to Prosus and WestBridge source
News on Rapido
No coverage of Rapido linked yet.
L Litmus · by Lapaas
See the full business-model breakdown and validation framework for this company.
View Litmus AnalysisFAQs on Rapido
Who founded Rapido?
Rapido was founded by Aravind Sanka, Pavan Guntupalli, SR Rishikesh in 2015.
How much funding has Rapido raised?
Rapido has raised $508.38 Mn across 6 tracked funding round(s), most recently on 2024-09-05. Figures are compiled from cited public sources.
Who are the investors in Rapido?
Investors in Rapido include WestBridge Capital, Invus Group, Nexus Venture Partners, Think Investments, Swiggy, Shell Ventures, TVS Motor Company, Yamaha.
What does Rapido do?
Rapido (legal name Roppen Transportation Services Pvt. Ltd.) is a Bengaluru-based Indian ride-hailing platform and India's leading bike-taxi aggregator, also offering auto-rickshaw and cab hailing, parcel/logistics delivery, and (via its Ownly app) food delivery. Founded in 2015, it reached unicorn status in September 2024 and…
Where is Rapido headquartered?
Rapido is headquartered in Bengaluru, Karnataka, India.
What is Rapido's business model?
Rapido's core value proposition centers on Speed through traffic congestion, Affordability, Zero-commission, honest pricing for restaurants (Ownly).
How does Rapido make money?
Rapido's cited revenue streams include Ride commissions (bikes), Captain subscription fees (autos and cabs), Rapido Corporate (B2B travel), Rapido Local (parcel/logistics delivery).