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Data Story: Rapido’s Rapid Rise

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Data Story: Rapido’s Rapid Rise

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Data Story: Rapido’s Rapid Rise
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DBT Bureau

Bengaluru, 14 February 2025

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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:

ParticularsFY24 (In Indian Rupees)YoY Rise/Fall
Operating RevenueRs 648 crore46% ↑
Net LossRs 371 crore45% ↓ (losses narrowed as compared to Rs 675 crore reported in FY23)
Overall ExpensesRs 460 crore11% ↓ (Expenses down vs FY23)
Employee CostRs 172 crore17% ↓

Funding Rounds:

InvestorsFund raised USD/ RsTimeline/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 millionApril 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)

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