
Rapido
Founded Year
2015Stage
Series E - III | AliveTotal Raised
$472.18MValuation
$0000Last Raised
$14.61M | 1 mo agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+94 points in the past 30 days
About Rapido
Rapido is a company that offers app-based transportation solutions in the mobility sector. Its services include bike taxi rides, auto rickshaw services, and delivery solutions. It was founded in 2015 and is based in Hyderabad, India.
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Research containing Rapido
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Rapido in 1 CB Insights research brief, most recently on Oct 3, 2024.

Oct 3, 2024 report
State of Venture Q3’24 ReportExpert Collections containing Rapido
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Rapido is included in 4 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
4,573 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,276 items
Smart Cities
2,139 items
Mobility-as-a-Service
615 items
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
Latest Rapido News
Jul 5, 2025
About 150,000 bike-taxi riders were estimated to be operating in Bengaluru alone before the high court-imposed ban came into effect June 16 . Since then, their income has come down by half, said at least a dozen such gig workers ET spoke with. These workers on bikes typically operate across segments such as bike taxi, parcel services, food delivery and quick commerce. Since they can't carry fare-paying passengers, many of them have switched fully to delivering parcels, food and groceries, causing a glut of riders in the market and affecting the income for gig workers from these sources as well. “I used to earn Rs 800–900 daily, but now I earn only Rs 400–500. This barely covers my bike's EMI,” said Mohammed Miraj, who has worked as a bike taxi rider in Bengaluru for the past three years. The 24-year-old rode with Uber, Rapido and other platforms to make a living. After the ban, ride-hailing platforms Rapido and Uber renamed their bike service ‘bike parcel' and ‘moto courier'. This allowed gig workers like Miraj to work as couriers. He now delivers parcels for Uber, Rapido and platforms such as Borzo and Porter. “But unlike bike taxis, parcel orders are infrequent, and the drivers must travel 10-15 km with no return rides,” he said. Bike taxi operations account for 40% of India's ride-hailing volumes with Bengaluru having a 15–20% share, industry executives said. India's gig economy employed 7.7 million workers in 2020-21, according to a 2022 Niti Aayog report. The gig economy offers flexible jobs through platforms such as ride-hailing, food delivery and courier services. Flexibility factor For Mohammed Salim, a 41-year-old part-time graphic designer, the bike-taxi ban meant losing more than just money. Salim used to begin his day at 7 am and work till noon, dropping officegoers in the city. He did the same in the evening between 4 pm and 8 pm, taking employees home. When not ferrying people, he would work on graphic designs at home. “The bike taxi not only gave me an opportunity to earn, it also allowed me to follow my passion in graphic design. No other job gives you that opportunity (and flexibility),” he said. “At this age, who gives a job to a 41-year-old? This ban has completely left me without an income.” Ripple effect With bike-taxi riders moving to other platforms, the earnings of gig workers who primarily focus services such as food and grocery delivery have also taken a hit. Varun (name changed to protect identity), who hails from Bihar and works full time for Zomato in Bengaluru, said his earnings shrank from Rs 11,711 a week before the ban to Rs 5,749. “Some days I used to earn more than Rs 2,000, but after the ban it has never happened,” he said. “Riders have increased, which made me lose many orders. Despite me getting the notification (for an order), someone else would go pick it up.” A full-timer at Swiggy said, also on the condition of anonymity, that he used to earn far more money before the ban. Between June 2 and June 8, he worked 46 hours, earning Rs 8,743. This went down to Rs 7,334 after working 56 hours in the week after the ban, his app showed. Miraj, the bike-taxi rider who is now working as a courier, said the loss of earnings and rising costs have forced him to make difficult choices. He now earns Rs 400–500 a day. From that, he saves Rs 5,000 every month to pay his bike's EMI of Rs 5,000. “I used to give my mother Rs 500 (every day) from my savings, but today after the ban I hardly even get that much myself,” he said. “I hope the bike taxi ban is revoked. Let them bring rules — we are ready to follow. It's not just for us; many office-going people used to take our services daily.” In its order in early April, the Karnataka high court said bike taxis could not operate without proper regulations under the Motor Vehicles Act. ET's emails and calls to aggregator companies including Rapido, Ola, Uber, Zomato and Swiggy did not elicit any response. Other job options DriveU, which provides professional car drivers, saw its headcount swell immediately after the ban on bike taxis came into effect. In the following fortnight, around 1,200 drivers joined its ranks against 181 in the same period of the previous month, chief executive Rahm Shastry told ET. “We've seen a substantial increase in drivers looking for new opportunities after the bike taxi ban,” said Shastry. “As more drivers join the platform, our fulfilment rate has also gone up, ensuring better service for our customers.” Earlier, it could only be able to fulfil 65% of the demand due to a shortage of drivers, but now it does 80%, said Shastry. “We have also raised earnings from Rs 525 to Rs 575 per trip for the driver partners,” he added.
Rapido Frequently Asked Questions (FAQ)
When was Rapido founded?
Rapido was founded in 2015.
Where is Rapido's headquarters?
Rapido's headquarters is located at Sai Prithvi Arcade, Sri Rama Colony, Hyderabad.
What is Rapido's latest funding round?
Rapido's latest funding round is Series E - III.
How much did Rapido raise?
Rapido raised a total of $472.18M.
Who are the investors of Rapido?
Investors of Rapido include Nexus Venture Partners, Prosus, WestBridge Capital, Invus Group, Think Investments and 31 more.
Who are Rapido's competitors?
Competitors of Rapido include Tembici, Bounce Infinity, MYBYK, Tilt, Baxi Fresh and 7 more.
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Compare Rapido to Competitors
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Epick Bikes specializes in the design and manufacture of electric bicycles, operating within the micro-mobility and electric vehicle sectors. The company offers a range of electric bicycles that cater to individual and business needs, focusing on eco-friendly transportation solutions with features like swappable battery packs and GPS tracking. Epick Bikes primarily serves the hyperlocal delivery sector and EV fleet operators, providing cost-effective and sustainable transportation options. It was founded in 2016 and is based in Hyderabad, India.

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Bounce Infinity specializes in electric scooters and operates within the smart mobility solutions sector. Its main offerings include electric scooters equipped with detachable batteries that can be charged at any plug point. The scooters have a real-world range of over 70 km and top speeds of up to 65 kmph. Bounce Infinity was formerly known as Metro Bikes. It was founded in 2014 and is based in Gurgaon, India.
Chartered Bike is India's leading Micro-mobility company specializing in bike sharing services. The company offers automated public bicycle sharing systems, providing eco-friendly and efficient short-term bike rentals for urban commuting. Chartered Bike primarily serves the urban transportation sector, offering a sustainable alternative for city dwellers. It was founded in 2016 and is based in Ahmedabad, India.

ONN Bikes is a mobility platform that offers electric bikes and motorbikes for rent, catering to daily commuters and enterprises. The company provides services aimed at reducing urban congestion and carbon emissions, primarily serving the commuting sector. It was founded in 2015 and is based in Mumbai, India.
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