Rapido

Rapido

On-demand mobility platform with bike taxis

Overview

Rapido is a tech platform that facilitates on-demand urban mobility and local logistics in India through a mobile app that connects riders with a large network of drivers for bike taxis and other modes. Users request rides or deliveries in the app, which provides real-time tracking, upfront pricing, and automated dispatch; drivers join via a nominal daily SaaS subscription with no earnings commission, while customers pay per ride or delivery. The company differentiates itself with a low-asset marketplace model, multi-modal options (bike taxis, auto-rickshaws, cars), a logistics and food-delivery ecosystem, and city-wide scale across more than 150 cities. Its goal is to ease urban congestion by offering fast, affordable last-mile mobility and logistics solutions.

About Rapido

Simplify's Rating
Why Rapido is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Automotive & Transportation

Consumer Software

Enterprise Software

Company Size

5,001-10,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$825.3M

Headquarters

Bengaluru, India

Founded

2015

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Simplify's Take

What believers are saying

  • Prosus led Rapido’s $240 million May 15, 2026 round at a $3 billion valuation.
  • Rapido’s FY25 revenue rose 44% to ₹934 crore while losses fell to ₹258 crore.
  • Ownly’s July 28, 2026 Bengaluru integration brought 20,000 restaurants into Rapido’s app.

What critics are saying

  • Karnataka’s January 23, 2026 reprieve stays fragile until licences and rules are finalized.
  • Uber’s FY26 India investment of ₹3,000 crore funds direct share grabs in mobility.
  • A statewide bike-taxi clampdown would cripple Rapido’s cheapest acquisition channel and margin engine.

What makes Rapido unique

  • Rapido’s zero-commission captain subscription, highlighted July 28, 2026, keeps fares structurally low.
  • Its multi-modal app now bundles bike taxis, autos, cabs, parcels, and Ownly food.
  • June 8, 2026 Rahveer and MoRTH tie-up reinforces Rapido’s nationwide captain network.

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Funding

Total Funding

$825.3M

Above

Industry Average

Funded Over

14 Rounds

Notable Investors:
Secondary funding comparison data is currently unavailable. We're working to provide this information soon!
Secondary Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
LatestLY
Aug 4th, 2026
Bharat Taxi Pune fares: check Auto, Hatchback, sedan and SUV rates after Launch.

Bharat Taxi Pune fares: check Auto, Hatchback, sedan and SUV rates after Launch. Bharat Taxi has started operations in Pune and Pimpri-Chinchwad with fixed fares and no surge pricing during rain or high-demand periods. The driver-owned cab service offers rates from Rs 18/km for autos to INR 32/km for SUVs and follows a zero-commission model. With 35,000 drivers onboarded, the platform aims to compete with Ola, Uber and Rapido. By Subhash Kamble Published: Aug 04, 2026 11:15 AM IST Bharat Taxi, a cooperative-led and driver-owned cab service, has started operations in Pune and Pimpri-Chinchwad, offering commuters fixed fares without surge pricing during rain, festivals or periods of high demand. The service aims to provide an alternative to existing ride-hailing platforms such as Ola, Uber and Rapido by using a zero-commission model for drivers. The rollout in Pune follows trial operations that began in Mumbai on May 25 and Pune on June 26. The service was formally launched by Maharashtra Chief Minister Devendra Fadnavis at Navi Mumbai International Airport on July 23. Bharat Taxi Pune city head Mohit Mitra said commuters in Pune and Pimpri-Chinchwad can now book rides through the platform. Piyush Goyal Launches Bharat Taxi Onboarding Initiative in Mumbai, Promises Zero Commission and INR 5 Lakh Insurance for Drivers. Bharat Taxi Pune fares: fixed rates without surge pricing. Unlike traditional ride-hailing platforms that often increase fares during peak demand, Bharat Taxi has introduced fixed pricing throughout the day. The company said fares will increase only by 10 per cent during designated peak hours: * Morning peak: 8:30 am to 10:30 am * Evening peak: 5:15 pm to 7:45 pm The platform has fixed both minimum and maximum fare limits in line with Regional Transport Office (RTO) rates. According to Bharat Taxi, sedan fares are set at INR 25 per kilometre, compared with the wider INR 18-32.50 per kilometre range commonly seen in the market. Bharat Taxi Launch Today: Union Minister Amit Shah To Inaugurate India's 1st Cooperative and Surge-Free Ride-Hailing Platform. Bharat Taxi fare list in Pune. | Vehicle Type | Non-Peak Fare | Peak Fare | | Auto | INR 18/km | INR 20/km | | Hatchback | INR 24/km | INR 26.4/km | | Sedan | INR 25/km | INR 27.5/km | | SUV | INR 32/km | INR 35/km | The company said the fixed fare structure is designed to provide predictable pricing for passengers while protecting driver earnings. How Bharat Taxi differs from Ola, Uber and Rapido. Bharat Taxi follows a driver-owned cooperative model instead of the conventional aggregator structure. Around 35,000 drivers have been onboarded under the platform's zero-commission system, meaning drivers do not pay a percentage of their earnings to the company. The fares were finalised after discussions with drivers and are aligned with RTO guidelines. The cooperative model allows drivers to become stakeholders rather than operating only as gig workers on the platform. Airport pickup and Pune-Mumbai service planned. Bharat Taxi is also in discussions with airport authorities to establish a pickup booth and deposit arrangement at Pune airport's Aeromall. The company is expected to begin airport operations soon. It has also launched a Pune-Mumbai intercity service with fixed fares: * Hatchback: INR 21/km * Sedan: INR 23/km * SUV: INR 30/km The service is operated by Sahakar Taxi Cooperative Ltd (STCL) in partnership with the National Cooperative Development Corporation. The initiative has received support from cooperative institutions including Amul and NABARD. With its entry into Pune and Pimpri-Chinchwad, Bharat Taxi is positioning itself as a cooperative-based alternative in India's growing app-based mobility sector. TruLY Score 3 - Believable; Needs Further Research | On a Trust Scale of 0-5 this article has scored 3 on LatestLY, this article appears believable but may need additional verification. It is based on reporting from news websites or verified journalists (The Indian Express), but lacks supporting official confirmation. Readers are advised to treat the information as credible but continue to follow up for updates or confirmations (The above story first appeared on LatestLY on Aug 04, 2026 11:15 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to its website latestly.com). Related topics. Last-minute offer: Up to 50% offNow's your chance to book your next beach getaway. Take advantage of this last-minute offer with up to 50% off through Palladium Rewards using the promo code PROMO!Palladium Hotel Group | Sponsored A new way to experience luxury in IbizaAt BLESS Ibiza Cala Nova, a refined seaside retreat awaits. Where slow luxury, wellbeing, and attention to detail redefine the Ibiza experience.Palladium Hotel Group | Sponsored

Sociapa News
Jul 28th, 2026
Rapido integrates Ownly into main app, expands push into food delivery.

Rapido integrates Ownly into main app, expands push into food delivery. Rapido has integrated Ownly into its main app in Bengaluru, expanding its food delivery business with a zero-commission model for restaurants. Jul 28, 2026 - 12:18 Business Operations Discover more Business & Productivity Software Business Formation Ride-hailing platform Rapido has launched its food delivery service Only in its main app, a big move in its expansion into India's very competitive online food delivery market. The integration will allow users in Bengaluru to order food via the Rapido app in addition to its existing offering of food, bike taxis, auto-rickshaws and cab rides. This move propels Rapido into the next phase of its strategy to build an alternative to food delivery leaders Swiggy and Zomato. The company hopes to leverage Ownly's huge monthly active user base and promote its food delivery service to ride-hailing customers by integrating the service onto its mobility platform. Zero-Commission model: Ownly started as a stand-alone app and works on a zero-commission model. Instead of taking a cut of every order, restaurants keep all the money from orders and pay a monthly subscription to access the platform. The company said the model gives restaurants more predictable operating costs while allowing customers to order at menu prices with no additional platform markups. "Ownly was created to address one of the biggest structural challenges in food delivery, improving the business for restaurants without compromising the customer experience," said Rapido co-founder Aravind Sanka in a statement. Discover more Social Networks The integration will provide Rapido with a competitive edge as the ride-hailing segment in India has a much larger user base than the online food ordering segment. The company hopes this will convert current mobility users into food delivery customers. The company is also using its existing logistics network to offer better delivery efficiency. Rapido plans to use the same rider fleet for transport and food deliveries, which is expected to help reduce logistics costs and enhance rider utilisation during non-peak mobility hours. Reports suggest Ownly has already signed up almost 20,000 restaurants. Rapido is also providing promotional incentives, including 50% discount of up to ₹100 on first orders placed through Ownly as part of the rollout.

Inc42
Jul 26th, 2026
Flipkart's digital mall now has A food court.

Flipkart's digital mall now has A food court. As Flipkart gears up to enter food delivery, the ecommerce giant is betting on everyday commerce to challenge Zomato and Swiggy while deepening customer engagement across its growing ecosystem. When Flipkart entered quick commerce last year, many were sceptical of the move, as the ecommerce giant was seen as a day late and a dollar short. The market was already dominated by Blinkit, Zepto and Swiggy Instamart, so Flipkart Minutes was not given much of a chance. Now, a year later, Flipkart is preparing to enter the uncharted waters of India's food delivery market to take on Zomato, Swiggy and Rapido's Ownly.

Indian Startup News
Jul 22nd, 2026
Zomato, Blinkit owner Eternal records Rs 20,211 crore revenue in Q1 FY27; profit jumps 268% to Rs 92 crore.

Zomato, Blinkit owner Eternal records Rs 20,211 crore revenue in Q1 FY27; profit jumps 268% to Rs 92 crore. 22 Jul 2026 19:44 IST Eternal, the parent company of Zomato and Blinkit, has reported a sharp increase in quarterly profit, supported by the continued expansion of its quick-commerce business. The Gurugram-based company recorded a consolidated net profit of Rs 92 crore for the three months ended 30 June 2026, up 268% from Rs 25 crore in the same period last year. However, profit fell by about 47% from Rs 174 crore in the previous quarter. Revenue from operations increased by 182% year-on-year to Rs 20,211 crore, from Rs 7,167 crore. It was about 17% higher than the Rs 17,292 crore reported in the quarter ended March 2026. The headline revenue increase partly reflects Blinkit's inventory-led operating model, under which the full value of goods sold is recorded as revenue rather than only the commission earned through a marketplace transaction. Blinkit becomes largest revenue contributor. Blinkit generated revenue of Rs 15,664 crore during the quarter, accounting for about 77.5% of Eternal's operating revenue. The quick-commerce business had reported revenue of Rs 2,400 crore a year earlier. Zomato's food-delivery business generated Rs 3,100 crore, an increase of 37% from Rs 2,261 crore in the corresponding period last year. Hyperpure, Eternal's B2B restaurant supplies operation, reported revenue of Rs 1,034 crore. The figure was 55% lower than the Rs 2,295 crore recorded a year earlier. However, Hyperpure's revenue increased by about 6% from Rs 978 crore in the previous quarter. District, the company's going-out business, recorded revenue of Rs 318 crore, up about 54% from Rs 207 crore a year earlier. Including other income of Rs 375 crore, Eternal's total income reached Rs 20,586 crore. Total expenditure stood at Rs 20,314 crore, with purchases of stock-in-trade accounting for Rs 12,860 crore. Delivery and related charges increased by about 69% year-on-year to Rs 3,150 crore. Employee benefit expenses rose by about 29% to Rs 1,068 crore, while advertising and sales promotion spending increased by about 41% to Rs 945 crore. The company reported a profit before tax (PBT) of Rs 272 crore. Current and deferred tax expenses totalled Rs 180 crore, leaving a profit after tax of Rs 92 crore. Basic and diluted earnings per share were Rs 0.10 each. Food delivery remains profitable. In its statutory segment reporting, Eternal said its food-delivery business recorded a segment result of Rs 621 crore, compared with Rs 465 crore a year earlier. The quick-commerce business reported a positive segment result of Rs 365 crore, against a loss of Rs 42 crore in the corresponding quarter last year. District recorded a segment loss of Rs 61 crore. These figures are statutory segment results and should not be described as EBITDA or adjusted EBITDA. Eternal founder Deepinder Goyal said the company remained willing to sacrifice margins if additional spending was needed to support long-term growth. "If there comes a point where we have to spend margin to grow, we will, without hesitation," Goyal said in a letter to shareholders. "We have always prioritised long-term market expansion over short-term margin. But right now, we don't need to make any trade-off." Eternal rejects low-price rival strategy. Eternal also addressed competition from Swiggy's Toing and Rapido's Ownly, which are seeking to attract price-conscious food-delivery customers. Goyal said the impact of the services had been limited and argued that their customer traction was being driven mainly by lower prices. "There's no new use case being unlocked here," he said. "The customer traction is purely price-driven, and price-driven traction without structural economics tends to resolve itself." Eternal said it was instead focusing on Bistro, its rapid food-delivery operation, as a way of serving customers seeking lower-priced meals. "What we are spending energy on is Bistro, which is our answer to the question these platforms are pretending to solve," Goyal said. Rapido co-founder and CEO Aravind Sanka has taken a different view, arguing that affordability could significantly expand India's online food-delivery market. "If the number of people ordering food online doesn't reach 100 million in three years, there is no reason for Rapido to exist," Sanka told Moneycontrol in an interview published earlier in July. Sanka said lower prices and greater logistical efficiency could encourage millions of people who do not currently order food online to use delivery platforms.

Jus' Onco
Jul 22nd, 2026
Jus' Onco partners with Rapido to conduct Cancer Awareness Campaign across Chennai.

Jus' Onco partners with Rapido to conduct Cancer Awareness Campaign across Chennai. Trusted partner. TNIFMC (Tamil Nadu Infrastructure Fund Management Corporation) is a Government of Tamil Nadu-promoted company that invests in businesses striving to create positive social impact and public benefit. Table of contents. No headings were found on this page. At Jus' Onco, Jus' Onco believe that awareness is the foundation of prevention and early diagnosis. As part of its commitment to community health, Jus' Onco is proud to collaborate with Rapido in conducting an ongoing Cancer Awareness Campaign. This initiative aims to educate employees about the importance of cancer prevention, early detection, and timely medical consultation. Through this partnership, Jus' Onco is taking meaningful steps toward building a healthier and more informed community. Spreading awareness beyond hospital walls. Cancer awareness is essential because early diagnosis can significantly improve treatment outcomes. Rather than waiting for people to visit a healthcare facility, Jus' Onco is bringing expert guidance directly to workplaces through awareness programs like this one. Its healthcare professionals interact with Rapido employees, providing practical information about common cancer symptoms, risk factors, healthy lifestyle choices, and the importance of regular screenings. Cancer Awareness at the Rapido workplace. As part of the campaign, the Jus' Onco team visited the Rapido office to conduct educational sessions and one-on-one awareness discussions. Employees received guidance on: * Early signs and symptoms of cancer * Importance of routine health check-ups * Cancer prevention through healthy lifestyle choices * Available cancer screening options * When to consult an oncologist * Modern cancer treatment options The campaign encouraged open conversations about health while empowering participants to take proactive steps toward cancer prevention. Why early detection matters. Many cancers are highly treatable when diagnosed in their early stages. Regular health screenings and awareness of warning signs can make a life-saving difference. At Jus' Onco, Jus' Onco encourage individuals to: * Schedule routine health screenings. * Never ignore unusual symptoms. * Seek medical advice without delay. * Adopt a healthy lifestyle to reduce cancer risk. Jus' Onco's commitment to community health. At Jus' Onco, its responsibility extends beyond providing cancer treatment. Jus' Onco actively engage in community outreach programs, awareness drives, educational initiatives, and preventive healthcare campaigns that empower people with the knowledge they need to protect their health. Its collaboration with Rapido reflects its shared commitment to promoting health awareness and encouraging early detection among working professionals. Comprehensive cancer care you can trust. Jus' Onco offers personalized and evidence-based oncology services, including: * Medical Oncology * Chemotherapy * Immunotherapy * Targeted Therapy * Cancer Screening * Precision Oncology * Personalized Treatment Plans * Supportive & Palliative Care Its multidisciplinary team works closely with every patient to deliver compassionate, high-quality cancer care. Visit its cancer care centres. Jus' Onco proudly serves patients through three dedicated cancer care centres across Tamil Nadu: Kodambakkam, Chennai Kanchipuram Anna Nagar, Chennai No matter which centre you visit, you can expect expert oncology care, advanced treatment options, and compassionate support throughout your journey Together, Jus' Onco can make a difference. The Jus' Onco-Rapido Cancer Awareness Campaign is a reminder that awareness has the power to save lives. By educating individuals about cancer prevention and early detection, Jus' Onco can create healthier workplaces and stronger communities. Jus' Onco sincerely thank Rapido for partnering with Jus' Onco in this meaningful initiative. Together, Jus' Onco is inspiring people to prioritize their health and take the first step toward a cancer-aware future. If your organization would like to host a cancer awareness session or workplace health program, Jus' Onco is here to support you.

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