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soonicorn
App-based ride-hailing aggregator
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Rapido Key Metrics
- Founded Year
- 2015
- Location
- Bengaluru, India
- Company Stage
- Series D
- Total Funding
- $324M
- Latest Funding Round
- $180M, Series D, Apr 13, 2022
- Employee Count
- 696 as on Jan 31, 2024 View historical trend
- Valuation
- $825M as on Apr 13, 2022
- Annual Revenue
- $62M as on Mar 31, 2023
- Competitor Rank
- 1st out of 55 competitors with a Tracxn Score of 79/100What is this?
- Acquisitions
- Rapido has not made any acquisitions yet
- Investments
- Rapido has not made any investments yet
Company profile of Rapido
What does Rapido do?
App-based ride-hailing aggregator. The platform enables users to book rides by providing location, user details, payment details, and more.. Users can book transportation services like two-wheeler, three-wheeler, and four-wheeler transportation. App is available for both Android and iOS devices.
What sectors and market segments does Rapido operate in?
Rapido
serves in the
B2C, B2B space in the
Gig Economy, Travel and Hospitality Tech, Auto Tech, Transportation and Logistics Tech market segments.
The primary business models of Rapido are:
Gig Economy > ********* ** **** ** > ******Travel and Hospitality Tech > ********* ** **** ** > ******Auto Tech > ********* ** **** ** > ******Transportation and Logistics Tech > ********* ** **** ** > ******
Which legal entities is Rapido associated with?
Rapido
is associated with
1
legal entit
y
given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
ROPPEN TRANSPORTATION SERVICES PRIVATE LIMITED | Jan 05, 2015 | $62M (as on Mar 31, 2023) | -$84.1M (as on Mar 31, 2023) | 870 |
Get your free copy of Rapido's company profile
Funding and Investors of Rapido
How much funding has Rapido raised till date?
- Rapido has raised a total funding of$324Mover 10 rounds.
- It's first funding round was on May 08, 2015.
- It's latest funding round was a Series D round on Apr 13, 2022 for $180M.
- 8 investors participated in it's latest round, lead by Swiggy.
Who are the investors in Rapido?
- Rapido has 56 institutional investors including Nexus Venture Partners, WestBridge Capital and Thompson Taraz.
- WestBridge Capital is the largest institutional investor in Rapido.
- Pawan Munjal and 32 others are Angel Investors in Rapido.
View details of
Rapido funding rounds and investorsFounders and Board of Directors of Rapido
Founder? Claim ProfileWho are the CEO, Founders and Directors of Rapido?
- Pavan Guntupalli, ex-Co-Founder & CEO, is a founder of 1 company, an Angel investor in 1 company and on the board of 1 company. 1 email and 1 phone number.
- Aravind Sanka, Co-Founder, is a founder of 1 company, an Angel investor in 6 companies and on the board of 1 company. 2 email.
- Rishikesh S R, Co-Founder, is a founder of 1 company, an Angel investor in 1 company and on the board of 1 company. 1 email and 1 phone number.
- Kunal Khattar, Director, is on the board of 3 companies, an Angel investor in 14 companies and the founder of 3 companies. 1 email and 1 phone number.
How many employees does Rapido have?
Rapido
has
696
employees as of
Jan 24
.
The total employee count is 85 higher than it was for Dec 23.
To see full employee count trend,
talk to us!
View details of
Rapido's Founder profiles and Board MembersCompetitors of Rapido
Competitive landscape of Rapido
- Rapido has a total of 55 competitors and it ranks 1st among them.
- 4 of its competitors are funded
- Overall, Rapido and its competitors have raised over $325M in funding across 19 funding rounds involving 133 investors.
- There is no private Unicorn in the entire competition set.
Who are the top competitors of Rapido?
- DOT - Gurgaon based, 2015 founded, Seed company
- Bikxie - Gurgaon based, 2015 founded, Seed company
- Hitch Biker - Chennai based, 2016 founded, Seed company
View details and comparison of Rapido's Competitors
Latest Shareholding of Rapido
Who are the current shareholders of Rapido?
- As of Apr 13, 2022's latest post-round ownership report, Founders hold 7.53% at a net worth of INR 472Cr.
- Funds own the majority of Rapido's shares, accounting for 53.48%, while Enterprise hold 22.92%, Founder hold 7.53% and Angel hold 2.13%.
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Rapido
Schedule a demo
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of
Rapido's ShareholdingReports related to Rapido
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all reports related to Rapidoor
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Rapido Recent News
•
Rapido posts wider FY23 loss, threefold growth in revenuebusinesstelegraph.co.uk•Jan 14, 2024•Rapido
•
Rapido Posts Rs 675 Cr In Losses In FY23, Revenue Up 3XTennews.in•Jan 14, 2024•Rapido
•
Rapido disrupts the auto segment with zero commission & login feesAdgully•Dec 16, 2023•Rapido
•
After bike-taxi, Rapido enters in cab businessThetelegraphnewstoday•Dec 05, 2023•Rapido
•
India’s bike taxi startup Rapido is getting into the cab businessTechCrunch+•Oct 27, 2023•Rapido
•
Rapido launches ‘Auto Plus’ in Bengaluru, promising no cancellations; tariff above HC-mandated fareMoneycontrol•Oct 26, 2023•Rapido
•
Rapido collaborates with Bengaluru Traffic Police to enhance road safety by distributing helmetsmediabulletins.com•Oct 20, 2023•btp.gov.in,
Rapido
•
Rapido Launches Nationwide Drop Location Feature for Bike TaxiSMEStreet.in•Sep 23, 2023•Rapido
•
Tummoc Announces Partnership with Rapido for First & Last Mile ConnectivityTechiexpert•Jul 03, 2023•Tummoc,
Rapido
•
SC defers Delhi govt plea against HC order staying notice against Rapido to FridayBusiness Today•Jun 07, 2023•Rapido
Frequently asked questions about Rapido
When was Rapido founded?
Rapido
was founded in
2015
Where is Rapido located?
Rapido
is located in
Bengaluru,
India.
Is Rapido a public company?
Rapido
is not a Public company. Its current company stage is
Series D
When was the latest funding round of Rapido?
Rapido
's latest funding round was on
Apr 13, 2022
What is the valuation of Rapido?
Rapido
's valuation is
$825M
What is the annual revenue of Rapido?
Annual revenue of
Rapido
is
$62M
as on
Mar 31, 2023
1.8M+
Entities
1,800+
Feeds
40K+
Taxonomy Nodes
1,000+
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