$120 Million Recently Raised by Rapido Makes It to Turn into a Unicorn

Rapido, turning into an Indian bike-taxi aggregator and auto-rickshaw, has attained unicorn status on the back of a fresh funding round.

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The development highlights the swift pace at which the company has been clocking growth and its extensive presence in the Indian transport market.

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Founded in 2015 by Aravind Sanka, Pavan Guntupalli, and Rishikesh SR, Rapido has expanded its presence all over India and continually brings value-for-money.

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The Rapido technology platform will easily match its customers to the closest captain, guaranteeing fast and convenient rides.

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The latest funding round was led by WestBridge Capital, while existing investors such as Nexus Ventures, Shell Ventures, and Yamaha also participated.

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Key areas of focus for Rapido would be the expansion in its auto-rickshaw service, which has seen huge demand in the last couple of years.

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