TVS Motor Company, a manufacturer of two-wheelers and three-wheelers globally, announced a strategic partnership with Rapido, an on-demand delivery and mobility platform by signing a Memorandum of Understanding (MoU). As part of the MoU, TVS Motor and Rapido will look to collaborate by leveraging synergies of their respective businesses in the fast-moving mobility market in…
Rapido, a bike-taxi aggregator, announced it has raised about $180 million in Series D funding round from Swiggy. WestBridge, TVS Motor, Nexus Ventures and Shell Ventures also participated in the funding round. The startup will utilise the funds to bolster its technology and strengthen its teams across diverse sets of capabilities, increase overall supply to…
Rapido, a startup that provides bike taxi services across Tier 1 to Tier 3 cities in India, announced it has raised $52 million from new investors including Shell Ventures, Yamaha India, Cred founder Kunal Shah and Amarjit Singh Batra, chief executive officer of Spotify India and Positive Moves Consulting. Existing investors Pawan Munjal of Hero…
Rapido, an online bike taxi service aggregator has announced the launch of its operations in Mumbai. The launch in Mumbai is commenced with 2000 rider-partners and the company is aiming to expand to 200,000 riders in the coming two years. Aravind Sanka, co-founder of the company said that with this launch the company is now…
Bengaluru-based Bike taxi startup Rapido recently announced that it has launched inter-city logistics service for businesses to deliver products at consumers’ doorsteps. Named ‘Rapido Store’, the service can be availed by both offline and online businesses. The company has said that the service is currently operational in Bengaluru, and Vijayawada and it further plans to…