This Rapido company profile covers the company's valuation, revenue, funding rounds, investors and history. Rapido works in mobility, with a focus on bike taxis, autos, cabs and delivery. It was founded in 2015 and is headquartered in Bengaluru, Karnataka, India. Its latest valuation on record is US$3 billion (post-money) (May 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
₹934 crore operating revenue, up 44% from ₹648 crore — Revenue from operations, FY2025 (consolidated filings, as reported), as of FY2025. Source: Entrackr.
| Metric | Value | As of | Source |
|---|---|---|---|
| Net loss | ₹258 crore, down 30.5% from ₹371 crore | FY2025 | Entrackr |
| Revenue mix | Delivery ₹340 crore; ride commissions ₹277 crore; subscription income ₹275 crore | FY2025 | Entrackr |
| Reach | Operates in 400+ cities | May 2026 | Prosus |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| May 2026 | Primary round (part of a larger primary and secondary financing) | US$240M primary | US$3B post-money | Prosus (lead); WestBridge Capital, Accel | Prosus |
Rapido timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2015 — Rapido is founded in Bengaluru by Aravind Sanka, Pavan Guntupalli and Rishikesh SR.
- May 2026 — Primary round (part of a larger primary and secondary financing): US$240M primary, valuing the company at US$3B post-money. Investors: Prosus (lead); WestBridge Capital, Accel.
- FY2025 — Net loss: ₹258 crore, down 30.5% from ₹371 crore.
- FY2025 — Revenue mix: Delivery ₹340 crore; ride commissions ₹277 crore; subscription income ₹275 crore.
- May 2026 — Reach: Operates in 400+ cities.
Investors
Overview
Rapido is an Indian ride-hailing company that started with bike taxis, letting passengers book a seat on the back of a motorcycle for short, cheap trips through congested city traffic. It has since added auto-rickshaws, cabs, parcel delivery and food delivery, and operates in more than 400 cities, including many smaller tier 2 and tier 3 towns where bike taxis are often the most practical transport option.
Aravind Sanka, Pavan Guntupalli and Rishikesh SR founded Rapido in Bengaluru in 2015. They saw that two-wheelers were the fastest way around Indian cities and that many people could not afford cabs. Rapido has grown into one of India's largest mobility platforms, competing directly with Uber and Ola.
The subscription model
Rapido's most distinctive move has been changing how it earns from drivers, whom it calls "captains". Traditional ride-hailing apps take a commission of 20% to 30% on every ride. Rapido shifted much of its auto-rickshaw and cab business to a subscription model: drivers pay a fixed daily or periodic fee to use the platform and keep the full fare. Drivers like it because they keep more of what they earn and costs are predictable. Rapido benefits from a steady, predictable revenue stream and a way to attract drivers away from competitors. Several Indian states have also pushed for lower commissions, which made the subscription model attractive from a regulatory point of view.
FY25 results
For the year to March 2025, filings reported by Entrackr show:
- Operating revenue: ₹934 crore, up 44% from ₹648 crore.
- Net loss: ₹258 crore, down about 30% from ₹371 crore.
- Revenue mix: delivery became the largest stream at ₹340 crore; ride commissions fell to ₹277 crore; subscription income jumped nearly fourteenfold to ₹275 crore.
- Total income: about ₹1,003 crore including interest income.
The shift from commissions to subscriptions is clearly visible in these numbers: commission income fell while subscription income soared.
Funding history
Rapido raised several rounds from investors including Westbridge Capital, Nexus Venture Partners, Swiggy, TVS Motor and Prosus. In May 2026, Prosus led a US$240 million primary round at a US$3 billion post-money valuation, part of a larger financing of around US$730 million including secondary share purchases, with WestBridge Capital and Accel participating. Prosus increased its stake through both new and existing shares; India's competition regulator had approved Prosus raising its holding after food delivery company Swiggy sold its roughly 12% stake.
Earlier valuation figures from 2024 and 2025 vary between sources, so we only record the confirmed 2026 round.
Competitive landscape
Rapido competes with Uber and Ola in ride-hailing, with Namma Yatri and other driver-friendly apps that also avoid commissions, and in delivery with Porter and quick commerce players' own logistics. It launched a food delivery service, putting it in competition with Swiggy and Zomato. Its advantages are leadership in bike taxis, deep reach into smaller cities, and the popularity of its subscription model with drivers.
Regulation
Bike taxis exist in a regulatory grey area in some Indian states. Several states have restricted or banned them at times, often under pressure from traditional taxi and auto-rickshaw unions, while others have issued rules to allow them. These decisions can affect Rapido's operations in major cities overnight. National guidelines on ride-hailing have helped, but state-level rules still matter.
What to watch next
Watch FY26 results, especially whether losses keep narrowing, growth in food delivery, state regulation of bike taxis, and IPO preparation, which Rapido has said it is working towards.
Key facts at a glance
Rapido is a Bengaluru mobility company founded in 2015 by Aravind Sanka, Pavan Guntupalli and Rishikesh SR. It operates bike taxis, autos, cabs and delivery in more than 400 cities. It reported FY25 operating revenue of ₹934 crore, up 44%, and a net loss of ₹258 crore. Prosus led a US$240 million primary round at a US$3 billion valuation in May 2026.
Why bike taxis fit Indian cities
In many Indian cities, traffic is heavy and public transport doesn't reach every neighbourhood. A motorcycle can weave through traffic and costs far less per kilometre than a car. For short trips to a metro station, office or market, a bike taxi is often faster and cheaper than any alternative. Many drivers already own motorcycles, so joining the platform requires little investment. Those economics explain why Rapido could grow quickly where car-based ride-hailing struggled to reach price-sensitive customers.
Commission versus subscription economics
Under a commission model, platform revenue rises automatically with fares, but drivers feel the platform takes too much, and regulators may cap commissions. Under a subscription model, revenue depends on how many drivers subscribe and the fee charged, not on ride prices. It can give a platform a cost advantage in winning drivers, but limits how much revenue grows when fares rise. Investors will watch whether Rapido's subscription income keeps growing fast enough to make the company profitable.
Questions to ask about a ride-hailing platform
- How much do drivers actually take home after fees, fuel and vehicle costs?
- Which cities are profitable, and how long does a new city take to break even?
- How dependent is the business on state-level rules for bike taxis?
- Is delivery a profitable business in its own right, or mainly a way to keep drivers busy?
The answers show whether growth is building a durable business. Indian private companies file their accounts with the Registrar of Companies, which makes these questions easier to research than in many countries.
Comparing these figures across years shows clearly whether the subscription shift is paying off.
What this means if you're…
A commuter: compare apps on price, wait time and safety features for each type of ride.
A mobility founder: Rapido shows how a different revenue model can become a competitive weapon.
An investor: watch the revenue mix shift and the path to profitability ahead of an IPO.
Latest developments (October 2026)
Rapido's valuation story moved quickly over the past year. In September 2025 food-delivery group Swiggy sold its roughly 12% stake to Prosus and WestBridge Capital for about ₹2,400 crore, a deal that valued the ride-hailing company at about US$2.3 billion, according to TechCrunch. Our profile's higher May 2026 figure reflects later reporting. Rapido's subscription model for drivers, rather than a commission on each ride, remains its main point of difference from Uber and Ola. See our largest Indian startups guide.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Rapido do?
Rapido is a mobility / bike taxis, autos, cabs and delivery company headquartered in Bengaluru, Karnataka, India. It was founded in 2015.
What is Rapido's valuation?
Rapido was valued at US$3 billion (post-money) as of May 2026, according to Prosus. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Rapido make?
Rapido reported ₹934 crore operating revenue, up 44% from ₹648 crore (revenue from operations, fy2025 (consolidated filings, as reported)) as of FY2025, according to Entrackr.
What was Rapido's latest funding round?
The most recent financing we have verified is a primary round (part of a larger primary and secondary financing) in May 2026: US$240M primary, at a valuation of US$3B post-money. Source: Prosus.
Who are Rapido's investors?
Investors named in public announcements include Prosus, WestBridge Capital and Accel.
Who founded Rapido?
Rapido was founded in 2015 by Aravind Sanka, Pavan Guntupalli and Rishikesh SR.
Is Rapido a public company?
No. Rapido is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Rapido headquartered?
Rapido is headquartered in Bengaluru, Karnataka, India.