Fundz

Swiggy In Talks To Invest In Rapido As Part Of A Larger Financing Round

PRIVATEDec 22, 2021

Round Type

Funding Round

BengaluruTransportation

Description

Bengaluru: Food-delivery company Swiggy is in the final stages of discussions to invest in Bangalore-based bike-taxi startup Rapido, two people in the know of the matter told ET.

Quick answer

Rapido raised an undisclosed amount in a Funding Round round, dated December 22, 2021. Rapido is based in Bengaluru, Karnataka, India.

How much did Rapido raise?
Rapido raised an undisclosed amount in a Funding Round round on December 22, 2021.
What does Rapido do?
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.
Where is Rapido based and how big is it?
Rapido is based in Bengaluru, Karnataka, India.
Who are the decision-makers at Rapido?
Fundz holds 1 contact at Rapido. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation around the same time

Companies in the same sectors as Rapido that raised within 45 days of this round, from Fundz verified event records.

  • Better Trucks Last Mile raised $11M on February 4, 2022.
  • HERE Technologies raised an undisclosed amount (Series B) on January 27, 2022.
  • InCharge Energy raised an undisclosed amount (Funding Round) on January 27, 2022.
  • Mayd raised an undisclosed amount (Series A) on January 27, 2022.
  • Transportation And Logistics Systems raised $700K (Seed) on January 26, 2022.
  • Ola Electric raised $200M (Funding Round) on January 24, 2022.

Who to call at Rapido, and when

A new round usually means Rapido is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Rapido raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Rapido, from your own LinkedIn network

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Company Information

Company

Rapido

Location

Bengaluru, Karnataka, India

About

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.

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Fundz sees it the moment Rapido raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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