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Post on Medial

2024-07-30T04:38:19.217Z

"Karodo ki bikes" is now real thing > Rapido, an Indian ride-hailing startup, has officially become a unicorn after raising $120 million in a Series E funding round led by WestBridge Capital, achieving a valuation of over $1 billion > Rapido has a commission model for drivers, focusing on bike taxis to reduce operational costs and attract part-time drivers. It commands a significant market share in the bike taxi segment and offers guarantees against ride cancellations, enhancing customer trust. > Despite significant losses, the company is focusing on reducing its burn rate and enhancing profitability through new revenue streams like in-app advertising and subscription models for drivers, positioning itself as a strong competitor against established players like Ola and Uber - Follow for more on medial

Archisman Midya

Stealth • 4m

With over 3.5 million merchants onboard and significant annual revenue, Dukaan, founded in 2019 by Subhash Choudhary and other visionaries, helps small offline merchants set up their online presence easily. Dukaan's mission is to digitize millions of Indian merchants and help them succeed in the digital world. The platform has grown rapidly, offering easy onboarding and a user-friendly interface, allowing even those without tech skills to create online stores quickly. Subhash Choudhary, the CTO and Co-founder, has been crucial to Dukaan's success. His expertise and hard work have driven Dukaan to new heights, attracting major investments and loyal users. I recently attended a GenAI workshop at Dukaan HQ, led by Subhash. He shared valuable insights on using AI for business automation and made complex ideas easy to understand. Dukaan is more than a platform; it's transforming small businesses in India. Kudos to Subhash and the Dukaan team for their innovation and dedication.

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