Rapido IPO: Company Plans to Begin IPO Preparations By Next-year End

Bengaluru, November 10: Bike taxi platform Rapido has announced that it is planning to start its preparations for its Initial Public Offering (IPO) by the end of next year. The plan was announced by its co-founder Aravind Sanka. The company wants to increase its market share before launching its IPO.

100% year-on-year Growth Rate

Rapido has maintained a 100% year-on-year growth rate for the last two years. The company expects that it will continue with the same performance in the future. Aravind Sanka said, “We just want to grow further before thinking about markets. We have been growing 100 per cent in the last two years and want to continue that for a few more years before considering the IPO.”

We are making moves from both preparedness and business perspectives. We want to be there by the end of next year,” Sanka said.

Rapido Nearing Operational Profitability

Sanka said Rapido is very close to achieving full operational profitability in the current fiscal year. He said that Rapido is making it possible by adopting a strong business model and ensuring minimal cash burn. “We are operationally profitable, excluding some fixed costs. We don’t lose money anymore. The only major investment we make is in brand campaigns,” he explained. He mentioned that Rapido turned profitable for one quarter last year and expects the same performance for the entire FY26.

Swiggy Exit and Valuation Update

In September 2025, Swiggy sold a 12% stake in Rapido for ₹2,400 crore. Before the same, Rapido’s valuation was assumed to be USD 2.3 billion. Swiggy said that it is selling the stake to ensure no conflict of interest, as Rapido is planning to enter the food delivery business.

Long-term Investor Confidence

Swiggy’s stake sale was not driven by operational factors but to avoid a conflict of interest. Rapido’s early investor, Skycatcher LLC Founder Sia Kamalie, said that it is confident of Rapido’s long-term growth. He said: “Rapido is dedicated to serving the most affordable segments, unlike current players who cater mainly to middle and upper-class users. It’s an exciting time for India’s internet ecosystem.”

With Rapido IPO possible by the end of next year, investors will be tracking its financials, operational capabilities, and other affecting factors. They will also hope that the company enters the IPO phase with an operational profit.

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