Friday, 24 March, 2023

Swiggy invests in bike taxi platform Rapido

<p>Rapido announced an investment of $180M in their Series D financing round led by Swiggy. Rapido is now valued over $800M after this fresh investment. Sriharsha Majety, Co-founder and Chief Executive of Swiggy said that they and Rapido share a vision to build a logistics platform that gives riders more opportunities and higher earnings. Aravind Sanka, Co-founder of Rapido said that they will be using Swiggy&rsquo;s experience to scale throughout the country.</p>