Rapido
Summary active Updated May 15, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Rapido is a Bengaluru, India-based ride-hailing platform founded in 2015, operating bike taxis, auto-rickshaws, and cabs across 400+ cities at price points below Uber and Ola 12. The company announced a $240M primary round on May 15, 2026 led by Prosus, with existing investors WestBridge Capital and Accel participating, taking total financing to $730M and valuing the company at $3B post-money — nearly triple its September 2024 valuation of $1.1B 12. Rapido reports 31.8M monthly active users, behind Uber India (33.6M) and ahead of Ola (28.6M), and led all three platforms with 33M new app downloads in 2024 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-15 | Growth (Primary) | $240M (at $3B val) | Prosus | WestBridge Capital, Accel 12 |
What Founders Say
Aravind Sanka, Co-Founder, said: “We are going deeper into markets where demand exists, but supply remains fragmented. We will sharpen our focus on strengthening supply, building technologies, and expanding our multimodal footprint, with far greater speed and intent.” 1
What Investors Say
No independently sourced investor quotes found at this time.
Sources
-
TechCrunch, “Indian Uber rival Rapido raises $240M at $3B valuation,” May 15, 2026. Accessed May 2026. https://techcrunch.com/2026/05/15/indian-uber-rival-rapido-raises-240m-at-3b-valuation/↩↩↩↩
-
YourStory, “Rapido raises $240M in primary funding led by Prosus at $3B valuation,” May 15, 2026. Accessed May 2026. https://yourstory.com/2026/05/rapido-raises-240m-in-primary-funding-led-by-prosus-at-3b-valuation↩↩↩↩