Last updated: Nov 13, 2024
- Brand NameRapido
- HeadquarterBengaluru
- No. of Employees3428
- Industry
Travel Tech
- Founded Year 2015
- Company StatusActive
- Highlights
- Total Funding₹4015 Cr
- Funding Rounds10
- Number of Acquisitions2
- FY 2023-24 Revenue₹695.25 Cr
- FY 2023-24 Loss-₹370.72 Cr
About Rapido
Rapido is India’s largest Bike Taxi App service and making quick strides in app-based auto rickshaws and delivery, among others. Rapido is on a mission to revolutionize the way people commute. And while we’re at it, we aim at creating a workplace that is fun, inclusive and perfectly fits all!
Business Model of Rapido
Rapido is a bike taxi startup, which allows customers to book a bike ride through its mobile app. Their has also expanded into allowing customers to book autos. Moreover, their fleet also doubles up as delivery workers.
Key People/Management
Show allAS
Aravind Sanka Co-Founder
PK
Pavan Kumar Guntupalli Co-Founder
RS
Rishikesh Sr Co-Founder
PK
Pavan Kumar Guntupalli Whole-time Director
AS
Aravind Sanka Whole-time Director
KK
Kunal Khattar Director
Top Competitors
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Uber India U74120MH2013FTC247008
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IndriveU72900DL2021FTC377897
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OlaU72900KA2010PTC086596
Latest News
- Rapido raises $200 million in funding led by WestBridge; valuation hits $1.1 billionSep 5, 2024
- Rapido rolls into the unicorn club with $120 million from WestBridgeJul 30, 2024
- Rapido liable to pay GST for cab services: Karnataka AARJul 30, 2024
- Ride-hailing platform Rapido launches SaaS model for auto servicesFeb 13, 2024
- Rapido posts wider FY23 loss, threefold growth in revenueJan 14, 2024
- Swiggy leads $180 mn round in bike taxi startup RapidoApr 15, 2022
- Shell Ventures, Yamaha India, others invest $52 mn Series C funding in RapidoAug 16, 2021
- WestBridge leads $55 mn Series B round in RapidoAug 27, 2019
- Grapevine: DHFL parent to sell loan distribution unit; Rapido buys analytics startupAug 20, 2019
- Nexus Venture Partners leads Series A round in bike pooling startup RapidoApr 24, 2019