Figuring Out • 12m
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.
Keen Learner and Exp... • 7d
Rapido partners with Delhi Metro rail corporation and open network for digital e-commerce allowing users to book metro tickets directly from the rapido app Additional services include designated pickup zones at metro station, discounted bike taxi fa
See MoreHey I am on Medial • 5m
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 MoreBuilding WelBe| Entr... • 4m
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 MoreFrom Plate to Fame, ... • 17d
Recently, the Karnataka High Court imposed a ban on bike-taxi services like Uber, Rapido, and Ola in the state, stating that using white-board (private) vehicles for commercial passenger transport is illegal under the current legal framework. However
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