🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Messages

Try our Valuation Calculator →

Back

Inactive

AprameyaAI • 11m

"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

Recommendations from Medial

VCGuy

Believe me, it’s not... • 4m

Rapido foraying into Food Delivery could be a game-changer esp. following its disruptive impact on ride-hailing services. 🗓️Back in 2017 → Uber via 'Uber Eats' made a similar attempt but struggled to compete with Zomato/Swiggy. So, why does Rapido

5 Replies

Vansh Khandelwal

Full Stack Web Devel... • 9m

Rapido, India’s two-wheeler ride-hailing startup, disrupted the market by focusing on untapped, sub-premium segments. While giants like Uber and Ola catered to premium customers, Rapido targeted smaller opportunities with affordable and fast two-whee

Havish

. • 1y

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

21 Replies

Rishi Chavan

Inquisitive • 1m

Rapido pe Lowest Prices Guaranteed! And they really mean it. I just had a Bike Taxi Ride for free!!! and maybe you could have it too, check if you can apply the code GOFREE to get free rides upto ₹50.

6 Replies

Rishi Chavan

Inquisitive • 14d

Took another bike ride for free from Rapido today. The rider looked confused — his screen didn’t show any payment. I got a quick glance and think it said “estimated earnings ₹0” 🫠 Maybe I read it wrong… but if not, I genuinely feel bad. Imagine doin

9 Replies

Udyamee

Baki sab thik ? • 10m

Rapido has been a lifesaver ❤️. After food delivery apps, something that has made life easier is Rapido. Today, Rapido became a unicorn with a $200 million funding round led by Westbridge at a $1.1 billion valuation. With this funding, Rapido w

8 Replies

VCGuy

Believe me, it’s not... • 10m

Rapido picked up $200 M in a Series E, now valuing it $1 B+. ⏩Investors include: WestBridge Cap, Nexus VP, Think Investments, Inus-Opportunities, Swiggy. The ride-hailing market has changed significantly in the past few years - - Super Competiti

3 Replies

Raj Pareta

Explorer • 1y

Let's talk about fares during booking bike rides. A big problem when booking bike rides is that drivers often ask for extra cash, even though the fares are already high. If you don't pay, they might refuse the ride. Complaints to customer service som

5 Replies

Stratifyiq

Case Studies that In... • 10m

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.