Rapido
Latest round
- Series F
Last raised
- May 2026
Total raised
- $779M
Investors
- 34
About Rapido
Based in India, Rapido is a transportation service provider that specializes in on-demand bike taxi solutions, ensuring efficient and safe commuting options for urban populations. Rapido was founded in 2015 in Bangalore, India, and operates a ride-hailing service that connects users with bike taxi drivers. The company has undergone strategic developments to enhance its service delivery. It was co-founded by Alberto Hernandez, Aravind Sanka, Pavan Guntupalli, Rishikesh SR, and Ryder Kulp, with Gabriella Kirilova serving as the CEO. Rapido operates primarily in the transportation sector, offering a robust ride-hailing service that emphasizes safety and comfort for its users. The company's core product is its mobile application, which facilitates on-demand bike taxi services, allowing customers to easily book rides via their smartphones. This service addresses the urban mobility challenges faced by commuters in densely populated areas by providing an efficient and cost-effective alternative to traditional transportation options. Rapido predominantly serves customers in Indian metropolitan cities such as Bangalore, Delhi, and Mumbai, catering to a diverse clientele that includes daily commuters, students, and professionals seeking convenient transport solutions. Additionally, the company is committed to enhancing user experience by integrating safety features into its service offering, thereby building trust among its end-users. Rapido generated revenue of INR 9,34,40,000,000 in the most recent year, 2025. The company's revenue model is based on a commission structure, where a predetermined percentage of the fare is retained by Rapido while the remainder is paid to the rider. Payments are processed via digital wallets or bank transfers, and the pricing structure is transparent, based on distance and time, ensuring users receive clear cost estimates before confirming their rides. This model is supported by both direct-to-consumer transactions and potential partnerships with local businesses. Rapido is focused on expanding its service offerings and market reach. The capital will also support improvements in first- and last-mile connectivity, platform efficiency, and growth in high-potential regions.
Who invested in Rapido
34 investors across 11 rounds
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Funding rounds
Series F
May 15, 2026
Amount
$240M
Investors
Series E
Feb 12, 2025
Amount
$28M
Investors
Series E
Sep 5, 2024
Amount
$200M
Investors
Series D
Apr 13, 2022
Amount
$180M
Investors
Series C
May 5, 2021
Amount
$52M
Investors
Series B
Sep 5, 2019
Amount
$55M
Investors
Series A
May 6, 2019
Amount
$11M
Investors
Series A
Jan 10, 2019
Amount
$7.7M
Investors
Series A
Mar 8, 2018
Amount
$4.1M
Investors
Series A
Jun 1, 2016
Amount
$1M
Investors
Seed
May 8, 2015
Amount
$0.2M
Investors
Questions about Rapido
Who invested in Rapido?
Rapido has 34 investors on record across 11 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Rapido raised?
Rapido has raised 11 venture rounds. Sign up free to see how much each round raised and the total.
When did Rapido last raise money?
Rapido's most recent round on record is a Series F, in May 2026.
What does Rapido do?
Based in India, Rapido is a transportation service provider that specializes in on-demand bike taxi solutions, ensuring efficient and safe commuting options for urban populations.
Where is Rapido headquartered?
Rapido is headquartered in Bangalore, India.
Which VCs invest in companies like Rapido?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back internet companies at Rapido's stage. Their profiles are linked below.
VCs backing internet startups at Series F
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