India’s leading bike-taxi platform, Rapido, is riding high on momentum and gearing up for its next bold leap. Nexus Venture Partners is set to invest ₹125 crore in the Bengaluru-based startup, which is now accelerating into food delivery and insurance—two sectors ripe for disruption.
\r\n\r\nIn its food delivery play, Rapido aims to undercut giants like Swiggy and Zomato by offering restaurant partners commission rates as low as 8%. This could be a game-changer for eateries burdened by high platform fees, and may reshape the competitive landscape.
\r\n\r\nBut Rapido isn’t just chasing meals—it’s building a broader ecosystem. The company is entering the insurance distribution market, offering health, motor, life, and general insurance to its driver-partners and customers. A bold move that deepens its value proposition while unlocking new revenue streams.
\r\n\r\nFY25 has already been a breakout year: $1.25 billion in Gross Order Value, up 2x YoY, driven by strong growth across 100+ cities. Founded in 2015, Rapido is now evolving into a multi-vertical super-app—with mobility at its core, and scale on its horizon.
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