Bike taxi startup Rapido raises $52 mn to expand operations across India

Rapido, India’s largest bike taxi platform, has secured $52 million in its latest round of funding. The round saw participation from new investors including Shell Ventures, Yamaha, Kunal Shah, founder of CRED, Amarjit Singh Batra, CEO, Spotify India and Positive Moves Consulting. The round also witnessed continued support from existing investors – Pawan Munjal, Hero Group; Westbridge; Nexus Venture; and Everblue Management.

With its latest round of funding, Rapido will be making strategic investments in innovations, technology, people, and supply. This would help it to further boost its growth in the country and make affordable transportation a reality for the