Rapido's early backers look to sell shares worth Rs 100 crore (opens original article in a new tab)

Rapido's early backers are selling shares worth Rs 100 crore as part of a larger $730-million funding round, with some investors exiting their stakes while others seek valuations at a discount.

• Some angel investors in Rapido are selling a Rs 100 crore stake as part of a $730-million funding round.
• Secondary transactions typically occur at a discount, but sellers seek a $3-billion valuation, facing investor pushback.
• Swiggy sold over 90% of its secondary stake, while other investors like Advantedge and TVS also exited parts of their holdings.
• Rapido's operating revenues rose 44% to Rs 934 crore in FY 2025, with significant market shares in bike-taxi and auto-rickshaw segments.