Rapido angels cash out Rs 100 crore at $3B valuation as Swiggy exits, Prosus doubles down
Early backers are offloading Rs 100 crore via wealth platforms inside Rapido's $730M round ($240M primary). Swiggy fully exited; TVS sold $32M to Prosus/Accel. FY25 revenue hit Rs 934 cr (+44%), with 7M daily rides, 74M MAU and 72% bike-taxi share across 400+ cities.
What happened
Rapido's early angel investors are selling Rs 100 crore in stock via private wealth platforms at $3 billion valuation amid a $730 million round; Swiggy fully
Key facts
- Rs 100 crore secondary
- $730 million total round
- $240 million primary
- $3 billion valuation
- Rs 934 crore FY25 revenue (+44%)
- 7 million daily rides
- 3 million drivers
- 400+ cities
- 74 million MAU
- 72% bike-taxi share
- 51% auto share
- 31% cab share
Why this matters
Swiggy's full exit and TVS trimming $32M to Prosus/Accel reshuffles Rapido's strategic backers, opening room for partnership plays in food, payments, or hyperlocal logistics adjacencies.