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VCGuy

Stealth • 2m

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 Competitive now: BluSmart, Namma Yatri, Rapido, InDrive (International player), Paytm (launching Auto-rickshaw services), Yaary and of course Ola, Uber - Players are diversifying: a). Rapido partnering with food and e-commerce firms to use its 2-wheeler fleet for hyperlocal deliveries. b). Namma Yatri may expand operations in the US, BluSmart entered UAE c). Uber launched Bus services in Delhi d). Ola now does EVs, Food and Package Delivery, and loans too (partnership with InCredfinance) ⏯️I take a rickshaw to work every day, and after speaking with auto drivers, many now earn over ₹50,000 per month using Rapido! (Most prefer a flat ₹20-25 daily login fee over a commission on each ride).

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