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New Deal


Announced

Completed

Swiggy led a $180m Series D funding round in Rapido.

Financials

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Transaction Value£137m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Venture Capital

Commercial Vehicles and Parts

Minority

Cross Border

booking platform

Acquisition

taxi platform

Completed

India

Private Equity

Friendly

Private

Synopsis

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Swiggy, a provider of food delivery platform, led a $180m Series D funding round in Rapido, an operator of a bike taxi booking platform, with participation from TVS Motor Company, Westbridge, Shell Ventures and Nexus Ventures. Rapido said the funds would be used to strengthen its technology, amplify and boost teams across diverse sets of capabilities, and increase overall supply to create an enhanced consumer experience across a larger audience base in metros, tier I, II and III cities.

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