Stake sale · Mobility & Logistics
Competition Commission of India clears Prosus entity stake acquisition
By Startup Enthusiast ·
- Date
- Company
- Rapido
- What it does
- App-enabled ride-hailing and transport platform
- Kind
- Stake sale
- Amount
- ₹1,968 Cr
- Based in
- Bengaluru
- Founded
- 2015
- Sector
- Mobility & Logistics
What they do
The enterprise provides digital mobility solutions that enable users to book on-demand rides for two-wheelers, auto-rickshaws, and automobiles via software…
What happened
The antitrust regulator cleared an entity belonging to Prosus to increase its equity ownership through secondary share transactions
Why it matters
This regulatory clearance arrives after prior agreements where early backers such as Swiggy chose to divest their entire holdings
The details
- The antitrust regulator cleared MIH Investments One B.V. to acquire a larger equity stake in Roppen Transportation Services, which owns Rapido.
The bigger picture
- Prosus continues expanding its financial commitment in Rapido as part of its strategy to support high-growth consumer technology enterprises across domestic markets.
About the business
- The mobility platform delivers software-driven transportation options that facilitate booking rides for motorcycles, three-wheelers, and passenger cars.
What happens next
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The deal
- Type
- stake-sale
Investors
- MIH Investments One B.V. (buyer) — A corporate affiliate of Dutch investor Prosus.
Founders
- Aravind Sanka, Co-Founder
About Rapido
- 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.
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