Founder · Rapido

SR Rishikesh

Co-founder of Rapido, a mobility company based in Bengaluru.

Co-founderBengaluruMobility
Founded
2015
Bengaluru, Karnataka, India
Raised to date
$540M
3 rounds on record
Latest round
Series F
$240M · May 2026

About

SR Rishikesh is Co-founder of Rapido, a mobility company based in Bengaluru, founded in 2015. Rapido's most recent disclosed round was a Series F (primary) of $240M in May 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2015
Rapido
Mobility · Bengaluru

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.

Funding
May 2026Series F$240MProsus (lead), WestBridge Capital, Accel
Jul 2024Series E$120MWestBridge Capital (lead, via Setu AIF Trust, Konark Trust, MMPL Trust)
Apr 2022Series D$180MSwiggy (lead), TVS Motor, WestBridge Capital, Shell Ventures, Nexus Venture Partners
Company profile →3 rounds on record

Journey with Rapido

4 milestones
  1. Aug 2025Milestone

    Uber CEO Dara Khosrowshahi publicly names Rapido as Uber's biggest rival in India — ahead of Ola.

  2. Mar 2026Milestone

    Ownly, Rapido's zero-commission food delivery service, launched across the whole of Bengaluru with about 20,000 restaurant partners, following a pilot begun in August 2025.

  3. May 2026Milestone

    Launches platform-agnostic "Refresh Zones" across Mumbai — free water, shade, charging and rest stops for gig workers, open even to rival platforms' riders. Read the story →

  4. Jul 2026Milestone

    Ownly integrated into the main Rapido app, letting Bengaluru users order food alongside bike taxi, auto and cab bookings.

Also building Rapido

ASAravind SankaCo-founder→PGPavan GuntupalliCo-founder→

Coverage

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