Back

Havish Gupta

Figuring Out • 10m

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.

21 replies20 likes
1
Replies (21)

More like this

Recommendations from Medial

Image Description
Image Description

vishakha Jangir

 • 

Set2Score • 27d

𝗛𝗼𝘄 𝗱𝗶𝗱 𝗥𝗮𝗽𝗶𝗱𝗼 𝘀𝘁𝗮𝗻𝗱 𝗼𝘂𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝗲𝘀𝗽𝗶𝘁𝗲 𝗶𝗻𝘁𝗲𝗻𝘀𝗲 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝗢𝗹𝗮 𝗮𝗻𝗱 𝗨𝗯𝗲𝗿? Rapido was founded in 2015 by Aravind Sanka, Pavan Guntupalli, and SR Rishikesh. Focused on

See More
2 replies19 likes
1
Image Description
Image Description

Stratifyiq

Case Studies that In... • 8m

Rapido is an Indian bike-taxi and logistics service company, founded in 2015. It operates as a platform where users can book bike taxis for short-distance rides within cities.

6 replies12 likes
Image Description

ARUL VEL A V

Student at Kongu eng... • 5m

[This post has been deleted by the creator]

1 replies1 like
Image Description
Image Description

Shiv Ram

Hey I am on Medial • 3m

Rapido has became a monopoly in the bike taxi segment I have been working with riders and customers asking about services. I have found a few flaws and I started my own bike taxi with the name Quick-e- , So quicker than rapid . Does anyone have the s

See More
6 replies1 like
Image Description

Vikas Acharya

Building WelBe| Entr... • 3m

Rapido announces first ESOP liquidity program Ride-hailing firm Rapido has announced its first-ever Employee Stock Ownership Plan (ESOP) liquidation program for its current and former employees. Through this initiative, employees are eligible to

See More
2 replies6 likes
Image Description
Image Description

jeet nag

Hey I am on Medial • 8m

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

See More
6 replies
Image Description
Image Description

Rajkumar jain

Hey I am on Medial • 5m

I have a idea for tier three and tier two city for public transportation like bike,auto and taxi service for public

3 replies2 likes
Image Description
Image Description

PRATHAM

 • 

Medial • 7m

Founded in 2016 by three friends, Rapido wasn’t even supposed to be a bike taxi service. It started as a logistics company called “The karrier,” but they soon had the realisation: India has 75% of its vehicles as two-wheelers, and no one’s using them

See More
10 replies31 likes
9
Image Description

Pankaj Solanki

Hey I am on Medial • 5m

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

1 replies1 like
Image Description
Image Description

Rishi Chavan

Ignoramus • 8d

Tried Bike Taxi for the First Time — Here's What Happened So today I finally decided to try out a bike taxi for a quick commute. I wanted to see which app gives the best overall experience — Uber, Rapido, or Ola. And here's how that little adventure

See More
8 replies27 likes
7

Download the medial app to read full posts, comements and news.