Rapido plans an IPO by end of 2026, aiming for 100% growth, with $2.3B valuation after Swiggy’s $270M stake sale.

Rapido, a bike taxi aggregator, plans to start preparing for an initial public offering by the end of 2026, co-founder Aravind Sanka said, aiming to sustain 100% year-on-year growth and become a major market player before going public. The company claims operational profitability and expects overall profitability in the current fiscal year. It has expanded through low subscription fees and brand campaigns, recently seeing a 12% stake sold by Swiggy for $270 million, valuing Rapido at $2.3 billion. The firm is also entering new cities and exploring affordable food delivery, while enabling investor exits with returns of 10–15 times initial investments.