Funding round
Rapido Series E
Rapido, which works in transportation services in Hyderabad, raised $200M in a Series E round announced on 5 Sep 2024, led by WestBridge Capital, at a $1.10B post-money valuation. 4 firms took part, 2 of them already investors. It is Rapido's second venture round on record; the one before was a Series A in Apr 2019.
$200M
Amount raised
$1.10B
Post-money valuation
$900M pre-money
4
Investors
1 lead
19x
Step-up from the Series A
$57M in Apr 2019
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rapido at $1.10B after the new money, 19.3 times the $57M of its Series A (Apr 2019). The $200M bought investors about 18% of the company. It came 65 months after Rapido's Series A. It is 44% of the $451M Rapido has raised in the venture rounds on record. Rapido raised again 20 months later: a Growth round of $240M in May 2026, at $3.00B post-money.
Investors
Who put money in
WestBridge Capital led the round with 3 other firms. WestBridge Capital and Nexus Venture Partners had backed Rapido before.
Lead investor
- backs 43 venture-backed companies existing investor
Also in the round
- backs 99 venture-backed companies existing investor
- backs 16 venture-backed companies new investor
- Invus backs 83 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Glean Tech Companies | 10 Sep 2024 | $260M | $4.60B | Altimeter and DST Global |
| Tech Companies | 25 Sep 2024 | $125M | $900M | Warburg Pincus |
| Chemicals | 5 Sep 2024 | $82M | not disclosed | LaunchCapital |
| Biotechnology | 12 Sep 2024 | $57M | not disclosed | Khosla Ventures and Think.Health |
| Cribl Tech Companies | 27 Aug 2024 | $319M | $3.50B | GV |
| Payment Processing & Point of Sale | 31 Oct 2024 | $150M | $2.00B | Fiserv |
| Loans & Financing | 29 Oct 2024 | $135M | not disclosed | Avataar Venture Partners and Sofina |
| Octane Loans & Financing | 6 Aug 2024 | $50M | $1.10B | Valar Ventures |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Rapido raise in its Series E round?
Rapido raised $200M in its Series E round, announced in Sep 2024.
Who led Rapido's Series E round?
WestBridge Capital led it, with Nexus Venture Partners, Think Investments and Invus.
What was Rapido's valuation at the Series E round?
$1.10B post-money ($900M pre-money).
Did Rapido raise again after this round?
Yes: a Growth round in May 2026 of $240M at $3.00B post-money.