Funding News: Ride-hailing app 'Rapido' raises 250 crore in Series E Funding

Startup: Rapido

Founder: Aravind Sanka

About us: Rapido, with Bike-Taxis, Autos & Cabs is revolutionizing the way India travels. With a presence in 150+ cities and over 100 million safe rides completed, Rapido is becoming India’s go-to app for comfortable and affordable rides.

Founded Year: 2015

Office: Bengaluru

Sector: Mobility

Funding Round: Series E

Investors: Prosus.

Rapido, the ride-hailing startup, is raising 250 crore.  Rapido has been expanding aggressively across India after establishing itself in a market long dominated by Uber and Ola. The company recently announced plans to expand its services to 500 cities this year. It currently facilitates around 3.6 million rides daily. Co-founder and CEO Aravind Sanka previously shared the company’s strategy, emphasizing the focus on entering new cities, deepening market penetration, and addressing barriers to ride-sharing adoption.

In Q2 FY25, Rapido reported a gross order value (GOV) of 2,461 crore, a significant increase from 977 crore in the same quarter the previous year. GOV reflects the total value of all rides booked before deductions.

Website: https://www.rapido.bike/

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