Mobility (Ride-hailing)Bengaluru, Karnataka, India
Rapido is a Bengaluru-based ride-hailing platform spanning bike taxis, auto-rickshaws and cabs across 400+ Indian cities, with 9M+ driver-partners ("captains"). It has expanded into parcel and food delivery (Ownly) and runs a subscription model for captains alongside per-ride commissions, emerging as Uber's chief challenger in India.
4StartupFox stories
2015Founded
Mobility(Ride-hailing)Sector
Jun 2026Latest coverage
Funding
Rapido has raised $540M across 3 disclosed rounds, most recently a Series F (primary) in May 2026.
$540MRaised
Series F (primary)Latest round · May 2026
$3BValuation · post-money
3Events
Series F (primary)May 2026confirmed
$240M
InvestorsProsus (lead), WestBridge Capital, Accel
Valuation$3B post-money
Part of a broader $730M primary + secondary transaction; one report pegs the valuation at $2.82B
Tap any bar to see that round
May 2026Series F (primary)$240MProsus (lead), WestBridge Capital, Accel $3B post-moneyLaffaz ↗
Jul 2024Series E$120MWestBridge Capital (lead, via Setu AIF Trust, Konark Trust, MMPL Trust) ~$1.05B post-money — unicorn entryBusiness Standard (RoC filings) ↗
Operating revenue +44%; total income crossed ₹1,000 Cr; delivery became the largest segment (₹340 Cr); subscription revenue up 14x to ₹275 Cr
Tap any bar to see that year
₹ figures as filed, not restated
Leadership
ASAravind SankaCo-founder
PGPavan GuntupalliCo-founder
SRSR RishikeshCo-founder
The Rapido journey
2015 · founded
Founded in Bengaluru by Aravind Sanka, Pavan Guntupalli, SR Rishikesh.
Apr 2022 · funding
Series D — $180M at ~$800M, led by Swiggy (lead).
Jul 2024 · funding
Series E — $120M, led by WestBridge Capital (lead.
Aug 2025 · milestone
Uber CEO Dara Khosrowshahi publicly names Rapido as Uber's biggest rival in India — ahead of Ola. ↗
May 2026 · funding
Series F (primary) — $240M at $3B post-money, led by Prosus (lead).
May 2026 · milestone
Launches platform-agnostic "Refresh Zones" across Mumbai — free water, shade, charging and rest stops for gig workers, open even to rival platforms' riders. ↗
IPO Watchreported
StatusIPO groundwork planned
ExpectedGroundwork from late 2026 (company-stated)
Co-founder Aravind Sanka has said IPO preparation begins by end-2026, contingent on sustained full profitability. Source ↗
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Rapido is a Bengaluru-based ride-hailing platform spanning bike taxis, auto-rickshaws and cabs across 400+ Indian cities, with 9M+ driver-partners ("captains"). It has expanded into parcel and food delivery (Ownly) and runs a subscription model for captains alongside per-ride commissions, emerging as Uber's chief challenger in India.
Who founded Rapido?
Rapido is associated with Aravind Sanka, Pavan Guntupalli, SR Rishikesh.
How much funding has Rapido raised?
Rapido has raised $540M across 3 disclosed rounds. The most recent was a $240M Series F (primary) in May 2026.
Who are Rapido's investors?
Disclosed investors in Rapido include Prosus (lead), WestBridge Capital, Accel, WestBridge Capital (lead, via Setu AIF Trust, Konark Trust, MMPL Trust), Swiggy (lead), TVS Motor, Shell Ventures, Nexus Venture Partners.
What is Rapido's valuation?
Rapido was last reported at $3B post-money, at the time of its Series F (primary) in May 2026.
Is Rapido profitable?
Per its FY25 standalone filing, Rapido reported ₹934 Cr in revenue, with a ₹258 Cr loss.
What is the status of the Rapido IPO?
IPO groundwork planned. (As reported; not confirmed by the company.)
What is the latest news on Rapido?
The most recent StartupFox coverage is “Six-Figure MNC Software Developer Moonlights as Weekend Rapido Rider to Offset Soaring Bengaluru Living Costs” (8 June 2026). All stories are listed on this page.
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