Rapido Targets IPO Preparations by Late 2026, Says Co-Founder Aravind Sanka

As per news reports, bike taxi platform Rapido plans to start preparing for its initial public offering (IPO) by the end of 2026, according to Co-Founder Aravind Sanka. 

The company, which has been growing at a rate of 100% year-on-year, aims to strengthen its business fundamentals and maintain profitability before entering the public market.

Rapido’s IPO Timeline and Growth Focus

Rapido expects to begin internal preparations for its IPO by late 2026, depending on market conditions and company performance. 

As per news reports, Rapido’s current focus is on growth rather than immediate listing plans. The firm has doubled its size over the past two years and intends to maintain that momentum for a few more years before going public.

Operational Profit and Business Efficiency

Rapido Co-Founder Aravind Sanka told PTI that Rapido is close to achieving operational profitability in the current financial year. 

Unlike competitors, the company reports no significant cash burn, with investments mainly directed toward brand campaigns and expansion.

He explained that Rapido’s subscription fees remain lower than those of competitors, benefiting both users and drivers.

Investor Activity and Valuation

Rapido’s valuation was recently pegged at USD 2.3 billion following a secondary share sale by Swiggy, which divested its 12% stake for about ₹2,400 crore (around USD 270 million) in September 2025.

The sale came amid potential conflicts of interest as Rapido expands into food delivery.

Sanka added that the company continues to provide exits to early investors through secondary sales, with some early backers realising 10–15 times returns on their original investments.

About Rapido

Founded in 2015 by Pavan Guntupalli, Rishikesh SR, and Aravind Sanka, Rapido operates as one of India’s leading bike taxi aggregators. 

Since Skycatcher’s first investment in 2017, the company has expanded across multiple cities and diversified its service offerings while focusing on affordability and scale.

Read More: Upcoming IPOs: PhysicsWallah, Emmvee, and Tenneco Opening This Week (Nov 10–14).

Conclusion

Rapido’s plan to initiate IPO preparations by the end of 2026 marks a significant milestone in its growth journey. With consistent year-on-year expansion, near-operational profitability, and investor confidence, the company is positioning itself to enter the public markets as a stronger and more sustainable mobility player.

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