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Havish Gupta

Stealth • 5m

How Rapido Dominated the Bike Taxi Genre? So Rapido was founded in 2015 by IIT alumni Aravind Sanka and Pavan Guntupalli. Aravind, once stuck in traffic, realized that bikes could navigate traffic easily and thought of starting a bike taxi company. Thus he started Rapido in Benguluru and they achieved 10,000 downloads within a month of start. However, 3 months later, Ola and Uber entered the bike market and this made it hard for Rapido to compete. With no investors ready to fund, it was struggling until Pavan Munjal, CEO of Hero Motocorp, funded them and also advised focusing on smaller part of a big market! Thus, Rapido targeted tier 2+ cities where people couldn't afford cabs and public transport was crowded. This strategy succeeded, and Rapido's driver satisfaction and safety management helped them dominate the bike taxi sector in India. Today, Rapido holds a 65% market share, boasts a ₹443 crore revenue, and has raised $350 million with an $830 million valuation.

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Stratifyiq

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ARUL VEL A V

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There is a problem going on in Tamil Nadu for rapido bike taxi . what the auto drivers claim is that they run their taxi in yellow board which have to pay higher road tax and higher fc cost . but these two wheeler taxi run in normal board without an

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jeet nag

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Startup Idea 💡 We regularly anyhow used bike taxi service from rapido , Uber , ola etc service provider but this days main problem is riders cancellation or they ask extra charges upto the fare which show on app . Let's start a startup which have

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Pankaj Solanki

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Hi all can we make our Taxi buisness app how much total of cost of making, running project, marketing already covered by ola, uber rapido etc how to take over all market

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