[7] Subsequently, Hero MotoCorp chairman Pawan Munjal and former Google India head Rajan Anandan picked up stakes in the company.

[5] After the breakout of COVID-19 pandemic, Rapido expanded its operations in logistics, providing last-mile delivery of goods for local businesses and e-commerce companies.

This funding, an extension of the Series E round, focuses on expanding operations, with Prosus acquiring shares via secondary transactions for early investors and employees to exit.

[26] In February 2020, Rapido was banned across Assam, after the transport department found that the company was operating without commercial license or permit from the DTO.

[28] In January 2022, RTO officials in Bangalore seized over 120 Rapido bikes, after receiving complaints from the city's cab and auto rickshaw unions.

[29] In February 2022, Pune RTO officials seized 65 motorbikes belonging to Rapido riders, declaring bike taxi operations to be illegal in the state of Maharashtra.