Nexus Venture to invest Rs 125 crore in Rapido ahead of food delivery launch

June 9, 2025

, By The Economic Times

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Nexus Venture Partners will invest Rs 125 crore (around $15 million) in Rapido as a part of a larger financing round last year that valued it at $1.1 billion, the urban mobility platform said in a filing with the Registrar of Companies (RoC).

The fund infusion comes ahead of Rapido’s foray into food delivery, for which it plans to launch a pilot this month. ET has reported earlier that Rapido is looking to challenge the dominance of Eternal’s Zomato and Swiggy in food delivery. The latter holds a 12% stake in Rapido.

According to agreed terms with…

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Nexus Venture to invest Rs 125 crore in Rapido ahead of food delivery launch

June 9, 2025

, Published By The Economic Times

Nexus Venture Partners will invest Rs 125 crore (around $15 million) in Rapido as a part of a larger financing round last year that valued it at $1.1 billion, the urban mobility platform said in a filing with the Registrar of Companies (RoC).

The fund infusion comes ahead of Rapido’s foray into food delivery, for which it plans to launch a pilot this month. ET has reported earlier that Rapido is looking to challenge the dominance of Eternal’s Zomato and Swiggy in food delivery. The latter holds a 12% stake in Rapido.

According to agreed terms with…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Moshe Zuk: A Man Who Builds More Than Businesses

Next News

Nargis Dutt Foundation Felicitates Meritorious Scholarship Students on Shri Sunil Dutt’s Birth Anniversary

The Economic Times

More like this

Popular

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