Rapido Raises $120 Million Series F at $2.4 Billion Valuation to Scale Bike-Taxi and Quick Commerce
Bengaluru-based ride-hailing platform Rapido has raised $120 million in a Series F round led by WestBridge Capital, with participation from Nexus and Prosus, valuing the company at $2.4 billion.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $120 M |
| Stage | Series F |
| Valuation | $2.4 billion |
| Lead investor | WestBridge Capital |
| Headquarters | Bengaluru, India |
| Sector | Rapido |
Bengaluru-based mobility platform Rapido closed a $120 million Series F round on July 1, 2026, led by WestBridge Capital, with participation from Nexus Venture Partners, Prosus Ventures and new investor General Catalyst.
Round Details
Use of Funds
Business Snapshot
Why It Matters
Rapido's Series F is the largest mobility round in India in 2026 and validates the two-wheeler-first thesis in tier 2/3 cities. The company is now positioned as the primary challenger to Ola and Uber in ride-hailing, and to Zepto-Swiggy-Blinkit in hyperlocal delivery.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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