AdvantEdge Founders has achieved significant returns from a partial exit in Rapido, furthering its mission to accelerate India's transition to Electric Vehicles through the launch of its third fund.

Target Information

AdvantEdge Founders is a prominent mobility-focused venture capital firm based in India, known for its strategic investments in the country's burgeoning mobility sector. Recently, the firm announced a significant achievement regarding its first fund, which has recorded a remarkable Multiple on Invested Capital (MOIC) of 11.5x, distributing over three times the Paid-In Capital (DPI) to its limited partners. This exceptional performance highlights AdvantEdge's ability to identify and nurture category-defining mobility startups in a rapidly evolving market.

A key highlight of this success is the recent partial exit from Rapido, India's premier bike-taxi and shared mobility platform, which AdvantEdge has supported since leading the company's seed round in 2016. This investment has yielded an impressive Internal Rate of Return (IRR) of 67% and a staggering 111x return on the initial investment, underscoring the firm's expertise in capitalizing on early, high-potential business opportunities.

Industry Overview

The Indian mobility sector is experiencing transformative growth, driven by rapid urbanization, increasing internet penetration, and a growing preference for shared mobility solutions. As the de