Prosus announced it has increased its stake in Rapido through a combination of primary and secondary investments, including a $240 million primary funding round that values the company at $3 billion post-money. The investment builds on Prosus’ existing partnership with Rapido and highlights the firm’s continued confidence in India’s expanding digital economy and mobility ecosystem.
Founded in 2015, Rapido has become India’s largest and most affordable one-stop mobility platform, operating in more than 400 cities across the country. The company provides a unified mobility ecosystem that includes bike taxis, auto rickshaws, cabs, parcel deliveries, flight bookings, and food delivery services. Rapido has also expanded deeply into tier 2 and tier 3 markets, where affordable and reliable transportation options remain limited.
According to Prosus, India’s economic growth beyond major metropolitan areas is creating rising demand for accessible mobility solutions and flexible earning opportunities. Rapido’s platform is positioned at the intersection of both trends, enabling transportation access while supporting millions of drivers and delivery partners through its technology-driven network.
The new funding will help Rapido strengthen supply density across underserved markets, expand its multi-modal transportation footprint, and continue investing in technology and operational infrastructure. The company said it plans to focus heavily on improving driver earnings predictability, scaling operations, and building technologies that support long-term sustainable growth.
Ashutosh Sharma said mobility is becoming a foundational layer of India’s digital economy and noted that Rapido has built a strong supply-led mobility platform centered on affordability and execution.
Aravind Sanka said the investment will accelerate Rapido’s efforts to deepen its market presence, strengthen supply infrastructure, and expand its technology capabilities and multi-modal offerings across India.
Beyond funding, Prosus said it will continue supporting Rapido with operating expertise in areas including AI-led optimization, governance, and scaling operations.
Rapido says its SaaS-driven platform currently supports more than 9 million livelihoods across India as it continues building what it describes as the “Wheels of Bharat,” an infrastructure layer aimed at enabling inclusive economic participation and affordable mobility access nationwide.
KEY QUOTES:
“Mobility is emerging as a foundational layer of India’s digital economy, with the potential to unlock significant economic participation. Our investment reflects a strong conviction in Rapido’s ability to scale sustainably while addressing real, large-scale challenges around access and livelihoods. Rapido has established a strong position by building a supply-led mobility platform with a clear focus on affordability and execution. We look forward to an enduring partnership as the company builds a category-defining platform.”
Ashutosh Sharma, Head of India Ecosystem at Prosus
“At Rapido, we’ve always believed that the true measure of mobility is not only the rides completed but also livelihoods created. This investment is about accelerating our ability to unlock both these structurally. We are going deeper into markets where demand exists, but supply remains fragmented, building the density that gives captains reliable, predictable earnings. We will sharpen our focus on strengthening supply, building technologies, and expanding our multi-modal footprint, with far greater speed and intent.”
Aravind Sanka, Co-founder of Rapido
