India-based bike taxi platform Rapido announced that it had landed $10 million in a new funding round.
The round was conducted by Integrated Capital with participation from other existing investors such as Skycatchr, AdvantEdge and Astrac Ventures.
With the net outcome, Rapido will further boost its leadership position in the space and expand across all major cities in India, aiming to reach 25 cities by the end of this year.
Rapido has $1 million in revenue annually.