Funding · Mobility & Logistics

Rapido raises $240 million in funding round

What they do

Rapido operates bike taxis, auto rides, and cab services across over 400 Indian cities

The company raised $240 million in a primary round led by Prosus, part of a larger $730 million transaction

The funding values Rapido at $3 billion post-money, with plans to expand into tier II cities and strengthen tech

Rapido raised $240 million in a fresh primary round, part of a larger $730 million primary and secondary transaction.
The round was led by Prosus, with participation from WestBridge Capital, Accel, and other undisclosed investors.
The funding values Rapido at $3 billion post-money.
Rapido plans to expand demand in new and existing markets, scale its captain network, and strengthen tech infrastructure.
The company also aims to deepen its footprint in tier II and smaller cities.
Rapido will hire talent and increase focus on women captains, rider safety, and accessibility.

Uber CEO Dara Khosrowshahi in August 2025 called Rapido Uber's biggest rival in India, ahead of Ola.
Ola reported a 42% decline in FY25 revenue to Rs 1,170.9 crore and a net loss of Rs 662.4 crore, and has initiated IPO preparations.
Uber infused nearly Rs 3,000 crore (around $330 million) into Uber India in February 2026 and plans its first data centre with Adani Group.
Uber also plans two engineering campuses in Bengaluru and Hyderabad by 2027, with capacity for around 9,600 employees.

Rapido provides bike taxis, auto rides, and cab services across over 400 cities in India.
The company has expanded beyond ride-hailing into food delivery, metro ticket bookings, and flight, hotel, bus, and train bookings.
Rapido's revenue from operations in FY25 was Rs 934 crore, up from Rs 648 crore in FY24.
Net loss in FY25 was Rs 258 crore, down 30.5% from Rs 371 crore in FY24.
The company operates a captain network (drivers) and uses a technology platform for ride matching and payments.

Product: A ride-hailing app focused on bike taxis, with expanding mobility and delivery offerings.
Customers: Commuters and riders seeking low-cost transport, plus drivers earning through the platform.
How it makes money: Charges commissions or service fees on rides and related marketplace transactions.
What sets it apart: Uses two-wheelers to provide low-cost, flexible urban transport and matching.
Operations: Operates in multiple Indian cities and is building a broader super-app model.