Rapido has raised $180 million in its Series D funding round led by new investors and food tech unicorn Swiggy. The round also saw participation from TVS Motor Company, Westbridge, Shell Ventures, and Nexus Ventures at a reported valuation of $800 million.
Rapido will use this fund-raise to support its technology, strengthen its team, and increase the supply. It plans to invest in all three categories, bike taxi, auto, and delivery, to enhance the earnings of riders and improve customer experience in the 100+ cities it operates in.