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TVS Motor’s Rs 288 Crore Rapido Exit: A Calculated Pivot in Mobility Business

Swarnadwip Nath Published Apr 02, 2026, 03:17 PM Updated Sep 16, 2026, 05:44 PM

TVS Motor Company has signed agreements to divest its entire stake in bike-taxi startup Rapido for Rs 287.93 crore to Accel India VIII and MIH Investments. This marks a full exit from its 2022 strategic partnership, subject to regulatory approvals, and reflects a strategic monetization of its investment in the evolving mobility space.