Rapido, a Mobility company based in Bengaluru, India, has raised $240M in a Series F round led by Prosus.
Quick Highlights
- Amount Raised: $240M
- Round Type: Series F
- Lead Investor: Prosus
- Other Investors: WestBridge Capital, Accel
- Industry: Mobility
- Headquarters: Bengaluru, India
- Date Announced: 2026-05-15
About the Startup
Rapido, founded in 2015, is a Mobility company headquartered in Bengaluru, India. It was founded by Aravind Sanka, Pavan Guntupati, Rishikesh SR. The company operates at rapido.bike.
Funding Breakdown
The company raised $240M in a Series F round led by Prosus. Participating investors include Prosus, WestBridge Capital, Accel. The round values Rapido at $3B post-money.
Use of Funds
Rapido intends to deploy the capital toward tier 2/3 expansion, driver network, technology & platform.
Why This Funding Matters
For India’s startup ecosystem, the round reinforces continued investor appetite in Mobility despite a selective overall funding market.
Investor Background
Prosus is the lead backer in this round. They are joined by WestBridge Capital, Accel.
Funding Timeline
| Date | Round | Amount | Lead Investor |
|---|---|---|---|
| 2026-05-15 | Series F | $240M | Prosus |
