DBT Bureau
Bengaluru, 14 February 2025
Ride-hailing app, Rapido has recently raised Rs 250 crore ($30 million) from PE fund houses to drive its future expansion plans. The Bengaluru-headquartered unicorn is slowly emerging as a major player in India’s mobility space.
Here is a snapshot about the company.
Rapido’s FY24 Financial Performance:
| Particulars | FY24 (In Indian Rupees) | YoY Rise/Fall |
| Operating Revenue | Rs 648 crore | 46% ↑ |
| Net Loss | Rs 371 crore | 45% ↓ (losses narrowed as compared to Rs 675 crore reported in FY23) |
| Overall Expenses | Rs 460 crore | 11% ↓ (Expenses down vs FY23) |
| Employee Cost | Rs 172 crore | 17% ↓ |
Funding Rounds:
| Investors | Fund raised USD/ Rs | Timeline/Funding Round |
| Dutch firm, Prosus | $30 million (Rs 250 crore) | February 2025/ Series E Funding |
| WestBridge Capital & Nexus Venture Partners | $200 million (Rs 1,660 crore) | September 2024/Series E Funding |
| WestBridge Capital | $120 million (Rs 1,000 crore) | July 2024/ Series E Round |
| Swiggy, TVS Motor & WestBridge | $180 million | April 2022/ Series D Round |
Additional Info:
- The Bengaluru-based firm was founded in 2015 by Aravind Sanka, Pavan Guntupalli, and Rishikesh SR.
- Rapido joined the unicorn club in July of 2024.
(Source: News Reports, Filings, Commentary)
