Dutch investment giant Prosus is significantly increasing its stake in Indian ride-hailing startup Rapido, committing to invest up to $350 million (about Rs 3,000–3,100 crore) in the company, as part of a broader funding round that also sees venture firm Accel joining as a new investor[1]. This move positions Rapido as a stronger rival to Uber and Ola in India’s rapidly evolving mobility market, with both Prosus and Accel deepening their bets on the bike-taxi and auto-hailing platform’s growth prospects[1][7].
The investment is structured as a mix of primary capital inf...
The investment is structured as a mix of primary capital infusion—money that will directly support Rapido’s expansion—and secondary share purchases from existing investors, including a major acquisition of shares from food delivery giant Swiggy, which is exiting Rapido entirely to avoid conflicts of interest as Rapido itself has launched a competing food delivery service called Ownly[1][5]. Swiggy’s exit will see Prosus pick up shares worth approximately Rs 1,968 crore ($223 million), boosting its stake from the current 6–6.5% to around 15% post-transaction[1]. Meanwhile, Accel, an early backer of Ola, is returning to India’s ride-hailing sector with its own significant purchase of Rapido shares[5][7].
The deal comes at a time when Rapido is aggressively expandi...
The deal comes at a time when Rapido is aggressively expanding beyond its core bike-taxi and auto services into cab-hailing and food delivery, positioning itself as a low-cost, last-mile mobility alternative for India’s urban commuters[2][3]. The company has been scaling rapidly in both metro and Tier-2 cities, benefiting from strong demand for affordable and quick rides, as well as from the practical advantages of two-wheelers in India’s often congested traffic conditions[2][3]. Rapido’s recent launch of Ownly, a food delivery app with a low-commission model, directly pits it against established players like Zomato and Swiggy, further diversifying its revenue streams[1][3].
For Prosus, the increased investment reflects growing confid...
For Prosus, the increased investment reflects growing confidence in Rapido’s ability to capture a larger share of India’s mobility and delivery markets. The Dutch firm, which is also the largest shareholder in Swiggy, has been steadily building its portfolio in Indian startups across fintech, edtech, and now mobility[1][2]. The fresh capital will help Rapido invest in technology, expand its geographic footprint, and enhance incentives for driver-partners, all crucial steps as competition in India’s ride-hailing and delivery sectors intensifies[2][3].
Accel’s participation is notable as well, marking its re-ent...
Accel’s participation is notable as well, marking its re-entry into India’s ride-hailing space after its early investment in Ola. The venture firm’s backing signals robust investor interest in Rapido’s differentiated model and growth trajectory[5][7]. Together, the Prosus and Accel investments are expected to strengthen Rapido’s balance sheet and set the stage for further fundraising as the company eyes an even larger market presence[2][7].
The transaction also includes the acquisition of shares from...
The transaction also includes the acquisition of shares from TVS Motor, which is divesting its entire stake in Rapido to Prosus and Accel for Rs 288 crore, as part of the broader secondary share sale[5][9]. This reshuffling of ownership underscores the dynamic nature of India’s startup ecosystem, where strategic exits and new investments are increasingly common as companies scale and diversify.
In summary, Prosus’s deepened commitment and Accel’s entry r...
In summary, Prosus’s deepened commitment and Accel’s entry represent a major vote of confidence in Rapido’s potential to disrupt India’s mobility and delivery markets. With fresh capital, expanded services, and a strengthened investor base, Rapido is well-positioned to challenge incumbents and capture new growth opportunities in one of the world’s most competitive startup landscapes[1][2][5].
🔄 Updated: 11/6/2025, 10:30:43 PM
Dutch investment giant Prosus is significantly increasing its stake in Indian ride-hailing firm Rapido by investing around $350 million, nearly 50% more than its prior commitment, following Swiggy's complete exit to avoid conflicts of interest. Concurrently, US venture capital firm Accel has acquired Rapido shares from two-wheeler maker TVS Motor for about ₹288 crore ($32 million), marking its entrance as a major investor. This combined infusion is positioning Rapido to aggressively expand its market presence internationally, challenging global ride-hailing giants like Uber and Ola while diversifying into food delivery with its Ownly app, fueling interest and strategic moves from international investors in India's burgeoning urban mobility sector[1][3][5]
🔄 Updated: 11/6/2025, 10:40:43 PM
Prosus’s announcement to increase its stake in Uber competitor Rapido with a $350 million investment triggered a positive market response, boosting investor confidence in the bike taxi firm’s growth prospects. Rapido’s valuation surged to $2.3 billion following the deal, which includes Prosus acquiring shares worth $223 million after Swiggy’s exit, while Accel is also set to invest alongside Prosus[1][2]. This strategic move contributed to a notable uptick in Rapido-related equities, reflecting enthusiasm for its expansion and competitive positioning in the ride-hailing and delivery sectors[2].
🔄 Updated: 11/6/2025, 10:50:44 PM
Prosus is set to increase its stake in Uber rival Rapido from about 6-6.5% to nearly 15% by investing around $350 million (Rs 3,000-3,100 crore) in a combination of primary capital infusion and secondary share acquisition, including purchasing shares from Swiggy as it exits Rapido[1][11]. This substantial funding will strengthen Rapido's balance sheet, enabling accelerated expansion, technology investments, and enhanced driver incentives, positioning it for intensified competition in India's ride-hailing sector alongside Accel's participation[2]. The deal reflects Prosus’s strategy to deepen its presence in affordable urban mobility, with Rapido expanding across metro and Tier-2 cities and launching Ownly,
🔄 Updated: 11/6/2025, 11:00:45 PM
Dutch investment giant Prosus has increased its stake in Indian ride-hailing firm Rapido with a fresh infusion of around $350 million, nearly doubling its previous commitment, signaling strong global confidence in India's urban mobility sector[1][8]. Concurrently, venture capital firm Accel has also invested by acquiring shares from exiting investors such as TVS Motor, which sold its entire Rapido stake for about ₹288 crore (approximately $32 million) to Accel and Prosus’ investment arm[3][5][7]. This surge in international investment reflects the global market’s recognition of Rapido's rapid growth and diversification, as well as the scalable potential of two-wheeler-based transportation in highly congested urban environments[2][
🔄 Updated: 11/6/2025, 11:10:43 PM
Dutch investment giant Prosus has significantly increased its stake in Indian ride-hailing platform Rapido, committing $350 million in a mix of primary and secondary transactions, while Accel also joined the latest round by acquiring shares from TVS Motor. The move, which values Rapido at $2.5–$2.7 billion, signals strong international confidence in India’s mobility sector and has drawn attention from global investors monitoring the competitive dynamics between Uber, Ola, and Rapido in emerging markets. “Prosus’ deepening involvement underscores the global appetite for scalable, diversified mobility platforms in high-growth economies,” said a sector analyst familiar with the deal.
🔄 Updated: 11/6/2025, 11:20:43 PM
Prosus is significantly increasing its stake in Rapido with a fresh investment totaling about $350 million (₹3,000-3,100 crore), nearly doubling its earlier commitment of $200 million, as it strengthens its position in the ride-hailing market against Uber and Ola[4][13]. This move follows Swiggy's complete exit from Rapido, allowing Prosus and new investor Accel to consolidate control, while Rapido expands aggressively into two-wheeler rides and diversifies into food delivery with its Ownly app, directly challenging Swiggy and Zomato[4][3]. The latest valuation of Rapido stands around $2.5-$2.7 billion, more than doubling since December 202
🔄 Updated: 11/6/2025, 11:30:50 PM
Prosus has dramatically increased its stake in Rapido, India’s fast-growing ride-hailing and food delivery platform, by committing to invest up to $350 million (Rs 3,000–3,100 crore) in a deal structured as both primary capital and secondary share purchases[4]. This move comes as Swiggy exits its entire 12% holding in Rapido, allowing Prosus to acquire shares worth Rs 1,968 crore, solidifying its position as a major backer in a company now directly competing with Uber, Ola, Zomato, and its own Swiggy portfolio[1][4]. Meanwhile, Accel—a key investor in both Swiggy and Rapido—has also expanded its
🔄 Updated: 11/6/2025, 11:40:49 PM
Prosus is set to increase its stake in Indian ride-hailing firm Rapido with a substantial investment of around $350 million (₹3,000-3,100 crore), nearly 50% higher than the earlier reported $200 million commitment, through a mix of primary capital infusion and secondary share purchases[2][1]. This move follows Swiggy's complete exit from Rapido, enabling Prosus and Accel—both major backers of Swiggy—to sidestep conflicts of interest as Rapido expands into food delivery alongside its core ride-hailing services[2][3]. TVS Motor's sale of its entire ₹288 crore ($32 million) stake to Accel and Prosus also highlights strong investor confidence, with the
🔄 Updated: 11/6/2025, 11:50:55 PM
Dutch investment giant Prosus is significantly increasing its stake in Indian ride-hailing startup Rapido with a planned investment rising to about $350 million, nearly 50% more than its earlier $200 million commitment, reflecting strong confidence in Rapido’s rapid growth that now outpaces Uber and Ola[2][1]. Experts note that this infusion, structured as a mix of primary capital and secondary share purchase following Swiggy’s exit, will fuel Rapido’s expansion in urban mobility and its diversification into food delivery with the Ownly app, intensifying competition with incumbents like Swiggy and Zomato[2][4]. Industry analysts highlight Prosus chief Fabricio Bloisi’s upbeat stance on Rapido’s business model targetin
🔄 Updated: 11/7/2025, 12:00:56 AM
India's new Motor Vehicle Aggregator Guidelines (MVAG) 2025 officially legalize bike taxis, including platforms like Rapido and Uber, but require state governments to grant specific authorizations and impose regulatory conditions such as driver verification, insurance, and license fees. Maharashtra's draft rules, for example, mandate licenses with fees up to Rs 10 lakh at the state level and security deposits up to Rs 50 lakh, aiming to ensure safety and service quality for aggregators like Rapido amid its recent expansion and increased investment by Prosus and Accel[1][3][5]. This regulatory clarity has been welcomed by industry players as it allows Rapido to scale operations while adhering to newly defined government standards[7][9].
🔄 Updated: 11/7/2025, 12:11:01 AM
Prosus is set to increase its stake in Uber competitor Rapido with a total investment of around $350 million, nearly 50% higher than the initially reported $200 million, through a mix of primary capital infusion and secondary share purchases, including shares acquired from Swiggy's complete exit[2][3]. This move signals strong investor confidence amid Rapido's recent valuation surge to $2.5-$2.7 billion from $1.1 billion eight months ago, buoyed by its rapid growth beyond traditional ride-hailing into food delivery with its Ownly app[1][3]. Accel has also joined as a new investor by purchasing stakes from TVS Motor, which sold its entire holding for about $32 million, yielding a
🔄 Updated: 11/7/2025, 12:21:15 AM
Prosus is set to significantly increase its stake in Uber rival Rapido with a fresh investment round totaling around $350 million, nearly 50% higher than its earlier $200 million commitment, structured as a mix of primary capital and secondary share purchases[2]. This infusion will support Rapido's aggressive expansion including its diversified services like the newly launched Ownly food delivery app, placing it in direct competition with Swiggy and Zomato, while also coinciding with Accel's entry as a new investor following their acquisition of shares from exiting stakeholders such as TVS Motor[2][3]. Rapido's valuation has reportedly more than doubled in less than a year to around $2.5-$2.7 billion, underscoring strong
🔄 Updated: 11/7/2025, 12:30:56 AM
The Maharashtra government has introduced draft Motor Vehicle Aggregator Rules, 2025, regulating operators like Rapido alongside Ola and Uber, setting caps on driver working hours to 12 hours daily with a mandatory 10-hour rest, and requiring app-based companies to obtain licenses with fees ranging from Rs 2 lakh to Rs 10 lakh depending on the scale[1]. Additionally, the central Ministry of Road Transport and Highways issued the Motor Vehicle Aggregator Guidelines (MVAG) 2025, officially legalizing bike taxis like Rapido by allowing states to permit non-transport motorcycles for passenger rides, addressing previous legal ambiguities and bans in states such as Karnataka[3][7][9]. These regulatory clarifications come as Prosus increases it
🔄 Updated: 11/7/2025, 12:41:04 AM
International investment giant **Prosus** has increased its stake in Indian ride-hailing platform **Rapido**—a major Uber competitor—by purchasing TVS Motor Company’s entire holding for ₹2.88 billion ($32 million) on November 6, 2025, while **Accel** has also joined as a new investor[2]. The move comes just months after India’s Ministry of Road Transport and Highways issued the **Motor Vehicle Aggregator Guidelines 2025**, which finally legalize bike taxis nationwide and allow private motorcycles to operate as taxis through apps like Rapido, provided state governments grant authorization—a regulatory hurdle that still remains in some states[1]. Industry leaders have welcomed the new rules:
🔄 Updated: 11/7/2025, 12:51:00 AM
Dutch investor Prosus is increasing its stake in Indian ride-hailing startup Rapido through a substantial $350 million investment, nearly 50% higher than its earlier $200 million commitment, combining primary capital infusion with secondary share purchases to fuel Rapido’s expansion and consolidate ownership following Swiggy's exit[4][1]. Alongside, Accel has acquired shares from TVS Motor in a secondary transaction worth about ₹1.44 billion (~$16 million), indicating strong renewed investor confidence as TVS Motor exits with a 2.5x return over three years[2][7]. This capital reshuffle and infusion reflect strategic moves to leverage Rapido's market growth, which has outpaced Uber and Ola, while diversifying int