Startup Atlas · Bike-taxi aggregation

Rapido Unicorn

Roppen Transportation Services Private Limited ● Bengaluru, Karnataka ● Founded 2015 ● rapido.bike ↗

Rapido (legal name Roppen Transportation Services Pvt. Ltd.) is a Bengaluru-based Indian ride-hailing platform and India's leading bike-taxi aggregator, also offering auto-rickshaw and cab hailing, parcel/logistics delivery, and (via its Ownly app) food delivery. Founded in 2015, it reached unicorn status in September 2024 and was valued at $3 billion following a $240 million Series F round in May 2026.

Aravind Sanka · Co-founder & CEO (strategy and fundraising) Pavan Guntupalli · Co-founder (technology and product) SR Rishikesh · Co-founder (operations and execution)
$748.38 MnTotal funding (tracked)
9Funding rounds
15 May 2026Last round

Rapido: Funding Rounds

Date Round Amount Investors Source
15 May 2026 Series F $240 million Prosus Accel WestBridge Capital source
6 Nov 2025 TVS Motor Secondary Exit ~$33M (TVS Motor full exit, secondary) Accel India MIH Investments (Prosus) source
23 Sep 2025 Secondary Sale ~$270M (Swiggy full exit, secondary) MIH Investments (Prosus) WestBridge Capital source
5 Sep 2024 Series E $200 million WestBridge Capital Invus Group Nexus Venture Partners Think Investments source
15 Apr 2022 Series D $180 million Swiggy Nexus Venture Partners Shell Ventures TVS Motor Company WestBridge Capital source
16 Aug 2021 Series C $52 million Yamaha Amarjit Singh Batra Everblue Management Kunal Shah Nexus Venture Partners Pawan Munjal (Hero MotoCorp) Positive Moves Consulting Shell Ventures WestBridge Capital source
14 Aug 2019 Series B $11.4M + $54.8M WestBridge Capital BAce Capital MMPL Trust Nexus Venture Partners Sabre Partners Shunwei Capital source
10 Jan 2019 Series A $10M Nexus Venture Partners Integrated Capital source
8 May 2015 Seed $181K Sol Primero source

Acquisitions

DateAcquirerAcquiredAmountSource
19 Aug 2019 Rapido Vahanalytics (Urbantanz Technologies) Undisclosed source
23 May 2018 Rapido GetBike Undisclosed source

Recent Signals

  • 15 May 2026 · funding
    Rapido raises $240M Series F led by Prosus at $3B valuation, total financing hits $730M source
  • 3 Mar 2026 · growth-traction
    Rapido launches Ownly, a zero-commission food delivery app, across Bengaluru source
  • 23 Sep 2025 · ma-strategic
    Rapido's valuation doubles to $2.3B after Swiggy fully exits its ~12% stake to Prosus and WestBridge source

News on Rapido

L Litmus · by Lapaas

See the full business-model breakdown and validation framework for this company.

View Litmus Analysis

FAQs on Rapido

Who founded Rapido?

Rapido was founded by Aravind Sanka, Pavan Guntupalli, SR Rishikesh in 2015.

How much funding has Rapido raised?

Rapido has raised $748.38 Mn across 9 tracked funding round(s), most recently on 2026-05-15. Figures are compiled from cited public sources.

Who are the investors in Rapido?

Investors in Rapido include Prosus, Accel, WestBridge Capital, Accel India, MIH Investments (Prosus).

What does Rapido do?

Rapido (legal name Roppen Transportation Services Pvt. Ltd.) is a Bengaluru-based Indian ride-hailing platform and India's leading bike-taxi aggregator, also offering auto-rickshaw and cab hailing, parcel/logistics delivery, and (via its Ownly app) food delivery. Founded in 2015, it reached unicorn status in September 2024 and…

Where is Rapido headquartered?

Rapido is headquartered in Bengaluru, Karnataka, India.

What is Rapido's business model?

Rapido's core value proposition centers on Speed through traffic congestion, Affordability, Zero-commission, honest pricing for restaurants (Ownly).

How does Rapido make money?

Rapido's cited revenue streams include Ride commissions (bikes), Captain subscription fees (autos and cabs), Rapido Corporate (B2B travel), Rapido Local (parcel/logistics delivery).

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: tracxn.com · Last verified 23 Oct 2026. · Report a correction