Private Equity

Liquidity Events

Early investors in Rapido plan Rs.100-Cr secondary sale

Economic Times   Rapido  

Early backers of Bengaluru-based urban mobility company Rapido are selling a stake worth INR 100 crore as part of USD 730 million funding round that combines primary and secondary transactions. The secondary shares are being marketed to high-net-worth individuals through private wealth platforms, although some potential investors have expressed pushback regarding the pricing, which aligns with the company's previous USD 3 billion valuation.The secondary transaction involves liquidity for early-stage investors. Other early backers, including Advantedge, Shell’s corporate ventures, and TVS Motor, have either fully or partially sold their stakes in the company. In the fiscal year ended March 2025, Rapido reported operating revenues of INR 934 crore.Rapido recently announced a USD 240 million primary funding round led by Prosus, Accel, and WestBridge Capital.

Between Jun 2016 and May 2026, Rapido had attracted about $ 1,243 M from AdvantEdge Partners, Astarc Ventures, Skycatcher, Tessellate Tech Ventures, Integrated Capital, Sol Primero, Nexus Venture Partners, Quilvest, Sehgal Family Office, BAce Capital, Shunwei Capital, WestBridge, Shell Technology Ventures, Yamaha Motor Ventures, Think Investments, Prosus Ventures, Accel India and others..For FY25, Rapido had reported about INR 910 Cr in Operating Income and about INR 240 Cr in Net Loss.