Rapido expects to start working on IPO by 2026-end, says Co-Founder Aravind Sanka

New Delhi: Bike taxi aggregator Rapido expects to start working on the process for public listing by the end of next year, a top company official said.

Rapido Co-Founder Aravind Sanka said that the company expects to maintain its growth rate of 100 per cent year-on-year for the next few years and be a much larger player compared to its nearest competitor before going for the IPO.

“We just want to grow further before thinking about markets. Right now, our idea is how do we grow further... We have been growing 100 per cent in the last two years. We want to at least continue that growth rate for a few more years and then think of the market,” he said.

On whether Rapido is looking to start preparing for IPO after two years, Sanka said the timelines keep changing every quarter depending on the firm’s performance but the company wants to be ready irrespective of the way things are outside.

“We are making moves around that, both from a preparedness point of view, business point of view and everything that is expected. We are trying to do everything and we want to be there by the end of next year,” he said. Sanka said the company expects to be very close to posting operational profit in FY26 as it has no cash burn like competitors and it has been growing at the rate of 100 per cent year-on-year.

“As a company, operationally, we are profitable, which is like removing some fixed cost. We are profitable overall. We don’t lose money anymore. We invest in brand campaigns, which is one of the only investments we do from a growth point of view. “Last year, one quarter we turned profitable. This complete year, we should be very close to that,” he said.

Sanka claimed that Rapido’s subscription fee as a percentage of revenues is much less compared to its competition where it is passed to users and drivers.

A recent second share sale by Swiggy pegged Rapido’s valuation at $2.3 billion.

Swiggy owned around 12 per cent stake in Rapido that it sold for about Rs 2,400 crore, or about $270 million, in September 2025, citing a potential conflict of interest with the bike taxi firm intent to enter the food delivery business.