Rapido joined the Unicorn Club on Jul 29, 2024. Headquartered in Bengaluru, Karnataka, India, Rapido operates a bike taxi aggregation service, providing intra-city travel and first-mile, last-mile connectivity solutions.
The platform connects passengers with vehicle operators via a mobile app, supporting bike taxi rides, auto rickshaw bookings, and cab services. Rapido provides real-time tracking, fare estimation, and cashless payments, operating across multiple cities with a network of driver partners.
Keep reading to learn how Rapido became a $2.3 billion leader in road transport tech.
What Is Rapido and What Does It Do?
Founded in 2015, Rapido is a bike taxi aggregation platform offering intra-city mobility and first/last-mile transport solutions. The platform allows passengers to book rides via a mobile app and connects them with verified vehicle operators.
Rapido also supports auto rickshaw and cab bookings, providing real-time tracking, fare estimation, and cashless payments. The company focuses on increasing urban mobility, reducing travel time, and providing a reliable network of driver partners.
How Much Funding Has Rapido Raised?
1. Series E Round
- Amount Raised: $15 million
- Date: Jun 10, 2025
- Lead Investors: WestBridge Capital, Think Investments
- Purpose: Expand operations and scale bike taxi network
2. Seed Round
- Amount Raised: ~$10 million
- Date: 2015
- Key Investors: WestBridge Capital, early stage investors
- Purpose: Launch platform and onboard initial driver network
3. Series A Round
- Amount Raised: ~$25 million
- Date: 2016
- Key Investors: WestBridge Capital, Think Investments
- Purpose: Scale operations and enhance app features
4. Series B Round
- Amount Raised: ~$40 million
- Date: 2017
- Key Investors: WestBridge Capital, Think Investments
- Purpose: Expand to multiple cities and grow driver base
5. Series C Round
- Amount Raised: ~$120 million
- Date: 2018–2019
- Key Investors: WestBridge Capital, Think Investments
- Purpose: Strengthen technology, payment, and safety features
6. Series D Round
- Amount Raised: ~$364 million
- Date: 2020–2024
- Key Investors: WestBridge Capital, Think Investments, strategic growth investors
- Purpose: Expand fleet, improve platform infrastructure, and scale nationwide
Total Funding Raised: $574 million Latest Funding Date: Jun 10, 2025 Latest Known Valuation: $2.3 billion Employee Count: 715
Key Investors
- WestBridge Capital
- Details: Private equity and venture capital firm investing in high growth Indian companies
- Focus Areas: Mobility tech, consumer platforms, and scalable marketplaces
- Think Investments
- Details: Growth and venture capital investor backing innovative technology startups
- Focus Areas: Road transport tech, app-based services, and urban mobility solutions
Where Is Rapido’s Headquarters?
Rapido is headquartered in Bengaluru, Karnataka, India, serving as the hub for operations, technology development, and driver network management.
What’s Next for Rapido?
Rapido plans to expand its bike taxi and urban mobility network, improve technology infrastructure, and introduce new services for intra-city transportation. The company aims to increase adoption and enhance rider and driver experiences across India.
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