Rapido Share Price

Rapido Share Price, Unlisted Shares, Pre IPO-Stock - Company Overview

Rapido is an Indian bike taxi aggregator and logistics service provider based in Bangalore. Founded in 2015, the company operates in over 100 cities across the country, but has run into legal troubles in several locations where bike taxis are not legal.

The Rapido app allows the user to book a ride, after which a rider (called "Captain") arrives at the location. The fare includes a base fare of ₹20 in addition to ₹3 for every kilometer of the ride. The "Captains" need to register through the Rapido-Captain app and get validated by submitting the required documents. They can use motorcycles, scooters, or e-bikes, but the vehicle cannot be older than 2010.

The company was founded in 2015 as the Karrier by two IIT alumni and a PESU alumni – Aravind Sanka, Pavan Guntupalli, and SR Rishikesh. In September 2018, reports were that Rapido has over 15,000 registered riders, with an average rides of 30,000 per day. Subsequently, Hero MotoCorp chairman Pawan Munjal and former Google India head Rajan Anandan picked up stakes in the company. In 2019, Rapido co-founder Aravind Sanka claimed that the company has created more than 500,000 jobs in India.[8] In November 2019, the company claimed to have 1 crore registered users. After the breakout of COVID-19 pandemic, Rapido expanded its operations in logistics, providing hyperlocal delivery for local businesses and e-commerce companies. In October 2020, Rapido launched on-demand auto rickshaw hailing services in 14 cities. In April 2022, the company received $180 million in a funding round led by Swiggy, raising the company's valuation to $830 million. The Series D round of funding also saw the participation of TVS Motor Company, Westbridge, Shell Ventures, and Nexus Ventures.

Rapido Share Price, Unlisted Share Details as of March 31, 2023

Rapido Incorporation Details

Rapido Principal Business Activities