Back

Vikas Acharya

Building WelBe| Entr...ย โ€ขย 4m

Rapido announces first ESOP liquidity program Ride-hailing firm Rapido has announced its first-ever Employee Stock Ownership Plan (ESOP) liquidation program for its current and former employees. Through this initiative, employees are eligible to sell a portion of their vested ESOP units Immediately. Founded in 2015 by Aravind Sanka, Pavan Guntupalli, and SR Rishikesh, Rapido operates on a peer-to-peer (P2P) model, connecting customers in need of a quick, affordable ride with independent two-wheeler riders, or captains. In September last year, Rapido achieved unicorn status after securing $200 million in a Series E funding round led by WestBridge Capital. It has raised more than $500 million to date. Rapidoโ€™s revenue from operations grew 46.3% to Rs 648 crore in FY24 from Rs 443 crore in FY23. The firm also reduced its losses by 45% to Rs 371 crore. According to Rapido, its streamlined cost structure contributed to a reduced quarterly loss of Rs 17 crore in Q2 FY25 from Rs 74 crore in Q2 FY24. According to TheKredibleโ€™s data, more than 20 startups have implemented ESOP buyback, liquidity, and payout programs worth around $200 million in 2024. Swiggy led the ESOP buyback and liquidity with $65 million, followed by Whatfix at $58 million. The ESOP buyback or liquidity amount stood at $802 million in 2023, $440 million in 2021, and $200 million in 2022.

2 Replies
6
Replies (2)

More like this

Recommendations from Medial

financialnews

Founder And CEO Of F...ย โ€ขย 8m

JSW Steel Q2 Results: 84% YoY Decline in PAT to Rs 439 Crore, Revenue Falls 11% JSW Steel Ltd Q2 Results: Net Profit Drops 84% YoY to Rs 439 Crore; Revenue Falls 11% to Rs 39,684 Crore. One-Time Charge of Rs 342 Crore Impacts Earnings; Operating EBI

See More
Reply
1
Image Description
Image Description

Karan

It's Never Too Lateย โ€ขย 4m

Rejected Rs 107 Crore Offer! This guy rejected a Rs 107 crore offer from an EdTech giant and chose to teach for just Rs 200.

14 Replies
24
Image Description

Tushar Aher Patil

Trying to do betterย โ€ขย 8m

Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la

See More
1 Reply
4

mg

mysterious guyย โ€ขย 2m

Air India Unveils Rs 200 Crore Logistics Park At Bengaluru's Kempegowda Airport.

Reply
20
Image Description
Image Description

mg

mysterious guyย โ€ขย 4m

Campa cola replaces Thums up, securing IPL 2025 Co- presenting rights in a Rs 200 crore deal

3 Replies
16
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos...ย โ€ขย 5m

Adil Qadri's perfume brand, AdilQadri, is currently valued at approximately 200 crores. The brand has experienced substantial revenue growth, increasing from Rs 5.3 crore in the fiscal year 2020-21 to Rs 10 crore in 2021-22, and further rising to R

See More
17 Replies
2
13
Image Description

Mahendra Lochhab

Content creatorย โ€ขย 4m

Campa Cola replaces Thums Up to co-present IPL 2025, spends Rs 200 crore

3 Replies
1

Harsh Dwivedi

ย โ€ขย 

Medialย โ€ขย 15d

Top news of the day: 1. Med-tech startup Innovodigm has raised Rs 5.5 crore in a seed funding round led by the IAN Group. IAN contributed Rs 4.5 crore, with the remaining amount invested by PadUp Ventures. 2. Ice popsicle brand Skippi has raised Rs

See More
Reply
12
21
Image Description

Harsh Dwivedi

ย โ€ขย 

Medialย โ€ขย 1y

Top News Of the Day: 1. Venture capital firm Prath Ventures has raised Rs 120 crore marking the second close of its INR 225 Crore round, led by SIDBI Funds and others. 2. Dermatology startup Cureskin raises Rs. 160 Cr ($20Mn) led by Healthquad 3. O

See More
1 Reply
1
15

Ashish Singh

Finding my self ๐Ÿ˜ถโ€๏ฟฝ...ย โ€ขย 3m

Hereโ€™s a quick rundown of some notable startup news from April 7, 2025: --Juspay Becomes Unicorn: Indian fintech startup Juspay raised $60 million led by Kedaara Capital, achieving a $1.8 billion valuation, marking it as 2025โ€™s first unicorn. --Eas

See More
Reply
5

Download the medial app to read full posts, comements and news.