Rapido
Funding History
| Series D · 04/2022 | $830M |
|---|---|
| Series E · 07/2024 | $1.1B |
| Secondary Sale (Swiggy Stake Exit) · 09/2025 | $2.3B |
| Equity Financing · 05/2026 | $3.0B |
About
Rapido is a Bengaluru-based multimodal transportation platform, founded in 2015 by Aravind Sanka, Pavan Guntupalli and Rishikesh SR, that began as a bike-taxi service before expanding into auto-rickshaw hailing, cab bookings, intercity travel and last-mile parcel delivery across more than 400 Indian cities.
- CEO
- Aravind Sanka
- Headquarters
- Bengaluru, Karnataka, India
- Founded
- 2015
- Website
- https://www.rapido.bike
Overview
Rapido is a Bengaluru-based multimodal transportation platform, founded in 2015 by Aravind Sanka, Pavan Guntupalli and Rishikesh SR, that began as a bike-taxi service before expanding into auto-rickshaw hailing, cab bookings, intercity travel and last-mile parcel delivery across more than 400 Indian cities.
The company has become one of India's most valuable ride-hailing platforms, reaching unicorn status in 2024 and a $3 billion valuation by May 2026, while diversifying into food delivery through its Ownly subsidiary launched in August 2025 - a move that prompted early investor Swiggy to exit its stake, citing a conflict of interest with its own food-delivery business.
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