Rapido, a bike taxi aggregator, anticipates beginning the preparations for going public by the end of the upcoming year. According to Rapido Co-Founder Aravind Sanka, the company aims to sustain its 100 percent annual growth rate for the next several years and establish a stronger presence compared to its closest rival prior to pursuing an IPO.

"We just want to grow further before thinking about markets. Right now, our idea is how do we grow further... We have been growing 100 per cent in the last two years. We want to at least continue that growth rate for a few more years and then think of the market," he said.

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Sanka stated that Rapido's intentions to begin preparing for an IPO may vary every quarter based on the company's performance, but regardless, they aim to be ready for it.

"As a company, operationally, we are profitable, which is like removing some fixed cost. We are profitable overall. We don't lose money anymore. We invest in brand campaigns, which is one of the only investments we do from a growth point of view.

"Last year, one quarter we turned profitable. This complete year, we should be very close to that," he said.

Sanka mentioned that the company anticipates being on the brink of achieving operational profit in the current fiscal year because it does not have any cash burn unlike its competitors, and its growth is consistent at a rate of 100 percent year-on-year.

Sanka stated that Rapido charges a lower subscription fee as a percentage of revenue compared to its rivals, who pass on the cost to users and drivers.

 

Swiggy recently sold more shares, which increased the valuation of Rapido to $2.3 billion. In September 2025, Swiggy sold its approximately 12 percent share in Rapido for around Rs.2,400 crore, equivalent to about $270 million. The reason behind the sale was a perceived conflict of interest, as Rapido was looking to venture into the food delivery sector.

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Sanka mentioned that the company is providing an exit option to investors who are seeking it through a secondary sale. He remarked that the stake of initial investors is currently valued at 10-15 times more than their initial investments.

Sia Kamalie, the founder of Skycatcher, LLC and an early investor in the company, stated that his investments in Rapido are geared towards the long term. He believes that the bike taxi aggregator is currently in a compelling phase as it moves into new categories and expands. He stated that Rapido plans to increase its presence in cities where Uber and Ola are not present and also consider venturing into new services like affordable food deliveries. 

"It's in Rapido's DNA to do the most affordable categories as opposed to the current players. Everyone basically caters to the middle and upper class who can afford to spend much more. I think it's an exciting time for India's internet ecosystem because you have a player who's really dedicated to driving lower price points to expand the option," Kamalie said.

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Skycatcher has been involved in numerous investment rounds of the company since 2017. The company was established in 2015 by Pavan Guntupalli, Rishikesh SR, and Sanka.