
Rapido
Founded Year
2015Stage
Series E - II | AliveTotal Raised
$428.77MValuation
$0000Last Raised
$28.8M | 2 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+78 points in the past 30 days
About Rapido
Rapido provides bike taxi services and focuses on intra-city travel. The company offers booking for affordable and insured bike rides, aiming to provide convenience and last-mile connectivity to its customers. Rapido also engages in business-to-business (B2B) delivery solutions and partnerships with drivers, expanding its service offerings beyond individual commuting. It was founded in 2015 and is based in Madhapur, India.
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Research containing Rapido
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Rapido in 2 CB Insights research briefs, most recently on Oct 3, 2024.

Oct 3, 2024 report
State of Venture Q3’24 ReportExpert Collections containing Rapido
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Rapido is included in 4 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
4,391 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,270 items
Smart Cities
2,139 items
Mobility-as-a-Service
615 items
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
Latest Rapido News
Apr 4, 2025
Rapido’s 1.5 lakh riders face uncertainty as Karnataka HC bans bike taxi Rapido’s 1.5 lakh riders face uncertainty as Karnataka HC bans bike taxi The move could impact 1.5 lakh Rapido ‘captains’ and disrupt over 50 lakh monthly rides in Karnataka, where Rapido leads the bike taxi market ahead of Ola and Uber. Updated Apr 04, 2025, 6:50 PM IST The April 2 order directs the state government and transport department to ensure all bike taxi services cease operations within six weeks. In a significant setback for bike taxi aggregators, the Karnataka High Court has ruled that bike taxi services cannot operate in the state until the government frames specific rules and regulations under Section 3 of the Motor Vehicles Act, 1988. The April 2 order directs the state government and transport department to ensure all bike taxi services cease operations within six weeks. The decision is likely to directly affect nearly 1.5 lakh Rapido bike taxi riders, commonly known as 'captains', and may disrupt over 50 lakh monthly rides across Karnataka. Rapido is the biggest bike taxi player in Karnataka with Ola and Uber as strong competitors. This move mirrors Delhi’s stance, where a similar ban has been in place since 2023. However, enforcement in the national capital has remained lax, with many aggregators continuing operations amidst ongoing policy formulation. In Karnataka’s case, the High Court has given the state government and transport department a three-month window to draft and implement guidelines that would regulate bike taxi operations going forward. Reacting to the development, a Rapido spokesperson said, “We strongly believe that bike taxis are an integral part of urban transportation, bridging crucial first- and last-mile gaps for commuters. As the government works towards framing a regulatory framework, we remain optimistic that the voices of gig workers, who rely on bike taxis for their livelihood, will be considered.” The company also said it is reviewing the court order and is evaluating possible legal remedies to ensure uninterrupted service for its users. This is not the first time Karnataka has pulled back support for bike taxis. An earlier attempt to regulate the sector through the Karnataka Electric Bike Taxi Scheme, launched in July 2021 to promote electric vehicle use, was eventually withdrawn after failing to deliver expected results. As the state prepares to formalise the bike taxi sector, aggregators, gig workers, and commuters await clarity on the future of a service that has become essential in many Indian cities.
Rapido Frequently Asked Questions (FAQ)
When was Rapido founded?
Rapido was founded in 2015.
Where is Rapido's headquarters?
Rapido's headquarters is located at Sai Prithvi Arcade, Madhapur.
What is Rapido's latest funding round?
Rapido's latest funding round is Series E - II.
How much did Rapido raise?
Rapido raised a total of $428.77M.
Who are the investors of Rapido?
Investors of Rapido include Prosus, Nexus Venture Partners, WestBridge Capital, Invus Group, Think Investments and 31 more.
Who are Rapido's competitors?
Competitors of Rapido include Tembici, Bounce Infinity, MYBYK, Tilt, Baxi Fresh and 7 more.
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Compare Rapido to Competitors
Bikxie offers last-mile connectivity to commuters. The company aims to ease the daily commute of college students and office goers by operating bike taxis.
Epick Bikes specializes in the design and manufacture of electric bicycles, operating within the micro-mobility and electric vehicle sectors. The company offers a range of electric bicycles that cater to individual and business needs, focusing on eco-friendly transportation solutions with features like swappable battery packs and GPS tracking. Epick Bikes primarily serves the hyperlocal delivery sector and EV fleet operators, providing cost-effective and sustainable transportation options. It was founded in 2016 and is based in Hyderabad, India.

Bird focuses on micro-electric mobility solutions within the transportation sector. It provides electric bikes and scooters designed for urban transportation options. Its services address the micromobility needs of cities and their residents. It was founded in 2017 and is based in West Hollywood, California.

Bounce Infinity is a provider of smart mobility solutions in the transportation sector. The company offers a keyless bike rental service that operates through an app, allowing users to access bikes using a one-time password (OTP) for a hassle-free commute experience. Bounce Infinity primarily serves individuals looking for convenient and reliable transportation options for their daily commute. Bounce Infinity was formerly known as Metro Bikes. It was founded in 2014 and is based in Gurgaon, India.
Chartered Bike is India's leading Micro-mobility company specializing in bike sharing services. The company offers automated public bicycle sharing systems, providing eco-friendly and efficient short-term bike rentals for urban commuting. Chartered Bike primarily serves the urban transportation sector, offering a sustainable alternative for city dwellers. It was founded in 2016 and is based in Ahmedabad, India.

ONN Bikes is a mobility platform that offers electric bikes and motorbikes for rent, catering to daily commuters and enterprises. The company provides services aimed at reducing urban congestion and carbon emissions, primarily serving the commuting sector. It was founded in 2015 and is based in Mumbai, India.
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