Rapido eyes IPO process by end-2026 at $2.3B valuation, prioritizing scale over profit
Bike taxi aggregator Rapido plans to begin its IPO journey by end-2026, per cofounder Aravind Sanka. Now operationally profitable with no cash burn and valued at USD 2.3B, the firm posted 100% YoY growth. Swiggy exited its 12% stake for ~Rs 2,400 crore. Rapido is also eyeing a food delivery entry.
Bike taxi aggregator Rapido plans to begin IPO process by end-2026, targeting scale over profitability first. Now operationally profitable with no cash burn, valued at USD 2.3B. Swiggy exited its 12% stake; Rapido eyes food delivery entry.
Why this matters
Rapido is expanding beyond mobility, recently partnering BigBasket, Big Bazaar and Spencer's for essential deliveries across 90 cities and now eyeing food delivery, positioning the IPO push amid rapid diversification.
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