Rapido raises $180 million led by Swiggy at $800 million valuation

Bike taxi startup Rapido on Friday announced that it has raised $180 million in funding led by homegrown food delivery startup Swiggy. TVS Motor Company and Rapido's existing investors Westbridge, Shell Ventures and Nexus Ventures also participated in the startup's Series D funding round. Founded in 2015, the Bengaluru-based startup is now valued at $800 million.