# Rapido

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rapido

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.rapido.bike
- Total disclosed funding: $779M
- Latest round: Series F (May 15, 2026)
- Investors on record: 34

## About

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. In May 2026, Rapido raised USD 240 million in series F funding led by Prosus Ventures, with participation from WestBridge Capital and Accel. This investment formed part of a broader USD 730 million primary and secondary financing transaction aimed at supporting the company’s growth. 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 company will use the May 2026 funding to expand into new and existing markets, strengthen its captain network and income opportunities, and invest in technology and talent. The capital will also support improvements in first- and last-mile connectivity, platform efficiency, and growth in high-potential regions.

## Funding rounds

- Series F, May 15, 2026, $240M — Accel, WestBridge Capital Partners, Prosus Ventures
- Series E, Feb 12, 2025, $28M — Prosus Ventures
- Series E, Sep 5, 2024, $200M — Invus [DUP], Nexus Venture Partners, WestBridge Capital Partners, Think Investments
- Series D, Apr 13, 2022, $180M — Nexus Venture Partners, WestBridge Capital Partners, Shell Ventures, Swiggy Limited, TVS Motor Company Limited
- Series C, May 5, 2021, $52M — Nexus Venture Partners, Fusion Corporate Finance, WestBridge Capital Partners, Shell Ventures, Everblue Management, Yamaha Motor Co., Ltd., QED Innovation Labs, Pivot Ventures, Motherson Lease Solution Limited, Potential Ventures, Positive Moves Consulting Pvt. Ltd.
- Series B, Sep 5, 2019, $55M — Nexus Venture Partners, Sabre Partners, WestBridge Capital Partners, Shunwei Capital, Skycatcher Fund, BAce Capital, Rapido Holdings LLC, Astrend India Investment, Everblue Bangladesh, Konark Trust, Integrated Capital
- Series A, May 6, 2019, $11M — Nexus Venture Partners, Rapido Holdings LLC, Integrated Capital
- Series A, Jan 10, 2019, $7.7M — Merchant Capital, Astarc Ventures, AdvantEdge Founders, Rapido Holdings LLC, Skycatcher, Motherson Lease Solution Limited, Integrated Capital
- Series A, Mar 8, 2018, $4.1M — Merchant Capital, Integrated Asset Management Asia, Rapido Holdings LLC
- Series A, Jun 1, 2016, $1M — Astarc Ventures, AdvantEdge Founders, Tessellate Ventures
- Seed, May 8, 2015, $0.2M — Outbox Ventures, Sol Primero

## Investors

- Outbox Ventures (https://capitalatlas.ai/funds/outbox-ventures) — Seed
- Sol Primero (https://capitalatlas.ai/funds/sol-primero) — Seed
- Astarc Ventures (https://capitalatlas.ai/funds/astarc-ventures) — Series A
- AdvantEdge Founders (https://capitalatlas.ai/funds/advantedge-founders) — Series A
- Tessellate Ventures (https://capitalatlas.ai/funds/tessellate-ventures) — Series A
- Merchant Capital (https://capitalatlas.ai/funds/merchant-capital) — Series A
- Integrated Asset Management Asia — Series A
- Rapido Holdings LLC — Series A, Series B
- Skycatcher — Series A
- Motherson Lease Solution Limited — Series A, Series C
- Integrated Capital — Series A, Series B
- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series A, Series B, Series C, Series D, Series E
- Sabre Partners (https://capitalatlas.ai/funds/sabre-partners) — Series B
- WestBridge Capital Partners (https://capitalatlas.ai/funds/westbridge-capital-partners) — Series B, Series C, Series D, Series E, Series F
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series B
- Skycatcher Fund — Series B
- BAce Capital (https://capitalatlas.ai/funds/bace-capital) — Series B
- Astrend India Investment — Series B
- Everblue Bangladesh — Series B
- Konark Trust — Series B
- Fusion Corporate Finance — Series C
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series C, Series D
- Everblue Management — Series C
- Yamaha Motor Co., Ltd. — Series C
- QED Innovation Labs — Series C
- Pivot Ventures (https://capitalatlas.ai/funds/pivot-ventures) — Series C
- Potential Ventures — Series C
- Positive Moves Consulting Pvt. Ltd. — Series C
- Swiggy Limited — Series D
- TVS Motor Company Limited — Series D
- Invus [DUP] — Series E
- Think Investments — Series E
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series E, Series F
- Accel (https://capitalatlas.ai/funds/accel) — Series F