PE-VC Fund Investments
Ride hailer Rapido raises $15-M from Nexus Ventures at $1.1 B valuation
Bengaluru-based urban mobility startup Rapido has raised INR 125 crore (around USD 15 million) from Nexus Venture Partners, as part of a larger funding round. The deal values the company at USD 1.1 Billion.The latest fund infusion comes ahead of Rapido’s foray into food delivery, for which it plans to launch a pilot this month. The company is expected to offer more competitive commission rates to restaurants - ranging from 8-15%, in contrast to Zomato and Swiggy’s 16-30%.
Between Jun 2016 and Feb 2025, Rapido had attracted about USD 580 M from Prosus Ventures, Nexus Venture Partners, Think Investments, WestBridge, Shell Technology Ventures, BAce Capital, Integrated Capital, Shunwei Capital and others.For FY24, Rapido had reported about INR 648 Cr in Operating Income and about INR 371 Cr in Net Loss.
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