Rapido Company Profile, Funding News & Updates

The partnership will give Rapido — which launched Ownly in August — access to magicpin’s large network of over 80,000 restaurants across India, helping it grow beyond Bengaluru. In return, magicpin will use Rapido’s delivery fleet in certain areas.

Under the agreements, TVS Motor will sell 11,997 Series D compulsory convertible preference shares to Accel India VIII (Mauritius) for ₹143.96 crore, and 10 equity shares along with 11,988 Series D CCPS to MIH Investments One B.V. for ₹143.97 crore.

Goibibo offers hotel and flight bookings, redBus handles online inter-city bus ticketing, and ConfirmTkt is an authorized B2C platform for train ticket bookings.

As part of the deal, Rapido will have exclusive pick-up zones inside the airport, with on-ground staff, clear signage and dedicated parking for its driver-partners.

The funding comes at a key moment as the company looks to expand beyond its core ride-hailing business. It’s now preparing to enter the food delivery market, which Zomato and Swiggy currently dominate.

Through this partnership, NSDC’s training centers will connect with Rapido’s transport network to offer steady income opportunities to people across the country.

Rapido, the ride-hailing service provider company, will launch Pink bikes for women in Karnataka by the end of 2025. This service will be run entirely by women riders, who will serve only women customers.

Ride-hailing app Rapido is raising Rs 250 crore in its Series E round from global tech investor Prosus, according to a Registrar of Companies filing.

Prior to Rapido, Pavan Guntupalli failed in 7 startups, and now built Rs 6700 Cr worth of company, creating 60 lakhs jobs.

Rapido, a mobility startup that is funded by Swiggy, has achieved unicorn status through a $120 million Series E funding round. WestBridge Capital, the startup's largest investor, has contributed funds through three distinct investment vehicles.