Rapido Raises $52 Million From Yamaha, Others Amid Surging Demand For Delivery
08/16/21, 9:19 AM
Location
bengaluruMoney raised
$52 million
Bengaluru: Rapido, a bike taxi platform, has raised $52 million in its latest funding round that saw participation of 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.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The rapid scaling of quick commerce and hyperlocal delivery has further driven Rapido’s expansion into on-demand logistics with Rapido Local and Rapido Store, the company said in a prepared statement. The company Rapido said it has recorded a strong recovery of 85% as compared to pre-Covid months.