Bike taxi aggregator Rapido, co-founded by Aravind Sanka, is preparing to begin its IPO journey by the end of 2026. The company has sustained 100% year-on-year growth over the last two years and intends to maintain this momentum before entering public markets.
“We want to focus on scaling operations and continue growing before considering the markets,” Sanka shared. Internal preparations for the listing have already started, with Rapido nearing operational profitability, setting it apart from many competitors by achieving consistent growth without significant cash burn.
Expanding beyond bike taxis, Rapido has rapidly grown into auto-rickshaw and parcel delivery segments, competing closely with Ola and Uber in India’s emerging two- and three-wheeler mobility sector.
This planned IPO signals Rapido’s confidence in its business model, financial discipline, and growth potential in India’s mobility space.
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