New Delhi: Rapido has raised $240 million, around Rs 2,040 crore, in fresh primary funding led by Prosus, giving the mobility platform new capital for its next phase of expansion. The round also saw participation from WestBridge Capital, Accel and other investors, as part of a larger $730 million primary and secondary financing deal.
The transaction values Rapido at $3 billion, or around Rs 25,500 crore, on a post-money basis. The company said the fresh money will go into market expansion, growing its captain network, improving platform technology and hiring talent for long-term scale.
Rapido gets fresh funding pushRapido, run by Roppen Transportation Services Private Limited, said the funding comes at a time when mobility demand is rising beyond India’s big metro cities. The company already operates in over 400 cities and is now looking at deeper growth in Tier 2 and smaller markets.
The company said the capital will help it create new demand corridors and strengthen first-mile and last-mile connectivity. That means more rides for short daily trips, like home to metro station, office to market, or bus stand to colony gate.
Where the money will be used
| New markets | Expand into high-growth regions |
| Existing cities | Deepen supply and demand |
| Captains | Create more earning opportunities |
| Technology | Improve platform efficiency |
| Inclusivity | Add more women captains and improve safety for women riders |
Aravind Sanka, Co-founder of Rapido, said, “At Rapido, we’ve always believed that the true measure of mobility is not only the rides completed but also livelihoods created.”
He added that the company is going deeper into markets “where demand exists, but supply remains fragmented” and wants to build density that gives captains “reliable, predictable earnings.”
Investors back India mobility storyProsus said mobility is becoming a key layer of India’s digital economy. Ashutosh Sharma, Head of India Ecosystem at Prosus, said the investment reflects “a strong conviction in Rapido’s ability to scale sustainably while addressing real, large-scale challenges around access and livelihoods.”
WestBridge Capital’s Sumir Chadha said Rapido has grown into a platform addressing “critical gaps in urban mobility.” Accel’s Abhinav Chaturvedi said Rapido is building “far beyond point-to-point mobility” and creating a “high-frequency, hyperlocal network.”
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