Rapido Hits Unicorn Status with USD 1.1 Bn Valuation After USD 200 Mn Series E Funding The newly raised capital will be utilised to fuel Rapido's expansion across India and further enhance its technological platform, which is aimed at improving service delivery and user experience.

By BIZ Experiences Staff

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

[L-R] Rapido founders Rishikesh SR, Aravind Sanka and Pavan Guntupalli

Bengaluru-based ride-hailing platform Rapido has raised USD 200 million in its Series E funding round, led by WestBridge Capital.

The round saw participation from key investors such as Think Investments, Nexus Venture Partners, and Invus Group.

WestBridge Capital took the lead with a substantial USD 120 million investment, with the remaining amount contributed by the other three investors. This latest funding has pushed Rapido's valuation to an impressive USD 1.1 billion, marking a significant milestone for the startup.

The newly raised capital will be utilised to fuel Rapido's expansion across India and further enhance its technological platform, which is aimed at improving service delivery and user experience.

Rapido plans to extend its services across various categories, including three-wheelers, taxis, and bike taxis, strengthening its foothold in the country's urban mobility space.

Aravind Sanka, Co-founder of Rapido, said, "With this new infusion of capital, we are eager to explore and expand our offerings, ensuring we meet the evolving needs of our customers. Over the past year, we've experienced significant growth, with our daily rides surging to 2.5 million."

Sanka emphasised that the investment would allow the company to continue innovating and improving its services, making strides in enhancing urban mobility across India.

WestBridge Capital's Co-founder and Managing Partner, Sumir Chadha, said, "In the five years since the initial investment made in Rapido, we've seen Aravind, Pavan, Rishikesh and the team transform it into India's leading low-cost mobility platform. From dominating bike taxis to making significant strides into 3W autos and cabs, their growth is a testament to their operational rigour and relentless focus on customer and captain satisfaction."
BIZ Experiences Staff

BIZ Experiences Staff

Editor

For more than 30 years, BIZ Experiences has set the course for success for millions of BIZ Experiencess and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

By Eve Gumpel
Science & Technology

AI Isn't Plug-and-Play — You Need a Strategy. Here's Your Guide to Building One.

Don't just "add AI" — build a strategy. This guide helps founders avoid common pitfalls and create a step-by-step roadmap to harness real value from AI.

By Nicholas Leighton
Business News

Here's How Much Google Software Engineers, Product Managers, and Data Scientists Make in a Year

Data revealed in federal filings shows how much Google is compensating its employees.

By Sherin Shibu
Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

By Emil Barr
Leadership

Why the World's Best CEOs Are Training Like Athletes — and How You Can, Too

Here's what best-in-class leaders can learn from the habits, discipline and mindset of elite performers.

By Sam Reese
Business News

Here's How Much a Typical Microsoft Employee Makes in a Year

Data from thousands of new federal filings shows how much Microsoft is paying its employees, from software engineers to product designers.

By Sherin Shibu