Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy

Swiggy's investment will leverage the synergies between the two companies to unlock more opportunities for delivery executives and captains across both fleets

Bike taxi platform Rapido, has raised $180 million in its latest Series D round. Led by new investor Swiggy, the round also saw investment from TVS Motor Company, along with existing investors, Westbridge, Shell  Ventures, and Nexus Ventures, partaking in the fundraise. The company's valuation after the fundraise is $830 million.

The funds would be leveraged to bolster Rapido’s technology, amplify and strengthen its teams  across diverse sets of capabilities, increase overall supply to create