The incident took place on Wednesday night.
Based on the woman's complaint, Kondhwa police arrested the rickshaw driver, Balaji Maruti Shinde (31), and his friend, Satish Jaypal Mane (23).
The alleged incident took place after the woman boarded Shinde's rickshaw from Kondhwa's NIBM Road area.
According to police, the woman is a divorcee and she currently stays with her parents in Yerwada area.
On the night of the alleged crime, the woman had gone to Kondhwa to meet her former husband following a fight with her younger brother, a senior police officer said.
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"The woman also said that after Mane, Shinde took her to Hadapsar area, where he raped her. After sexually assaulting her, they called their friend, who molested her in the rickshaw before dropping her near Camp area early on Thursday," the officer said.
Meanwhile, the family member of the woman had approached Yerwada police and registered a missing person report.
The arrested duo have been sent to police custody for seven days and search is on to nab the alleged molester.