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Rapido raises $200 million in Series E funding, led by WestBridge Capital, valuing the company at $1.1 billion.
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The funding will be used to expand operations across India, scale technology, and enhance service delivery.
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Rapido aims to grow its presence in bike-taxis, three-wheelers, and taxi-cabs, and strengthen its position in the urban mobility sector.
Rapido, a leading ride-sharing platform, has secured $200 million in funding, elevating its valuation to $1.1 billion and joining the prestigious Unicorn Club. The Series E funding round was led by WestBridge Capital, with participation from existing and new investors.
The fresh capital will be strategically allocated to expand Rapido’s operations across India, scale its technology platform, and enhance service delivery. With this funding, Rapido aims to strengthen its position in the urban mobility sector, exploring new offerings and meeting the evolving needs of its customers.
Rapido has experienced significant growth, with daily rides surging to 2.5 million. The company plans to grow its operations across all categories, including bike-taxis, three-wheelers, and taxi-cabs, and establish a presence in over 100 cities across India.
