Rapido picked up $200 M in a Series E, now valuing it $1 B+.
โฉInvestors include: WestBridge Cap, Nexus VP, Think Investments, Inus-Opportunities, Swiggy.
The ride-hailing market has changed significantly in the past few years -
- Super Competiti
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Anonymous 1
Hey I am on Medialย โขย 8m
Rapidoโs growth is impressive! Their innovative approach to diversifying services and expanding into hyperlocal deliveries shows a smart adaptation to the competitive ride-hailing market.
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Rapido picked up $200 M in a Series E, now valuing it $1 B+.
โฉInvestors include: WestBridge Cap, Nexus VP, Think Investments, Inus-Opportunities, Swiggy.
The ride-hailing market has changed significantly in the past few years -
- Super Competiti
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VCGuy
Believe me, itโs not...ย โขย 1m
Rapido foraying into Food Delivery could be a game-changer esp. following its disruptive impact on ride-hailing services.
๐๏ธBack in 2017 โ Uber via 'Uber Eats' made a similar attempt but struggled to compete with Zomato/Swiggy.
So, why does Rapido
Founded in 2016 by three friends, Rapido wasnโt even supposed to be a bike taxi service. It started as a logistics company called โThe karrier,โ but they soon had the realisation: India has 75% of its vehicles as two-wheelers, and no oneโs using them
VC Tales:
Rajan Anandan, the celebrated VC, has a penchant for backing game-changers.
-His $3M seed in Ola, India's ride-hailing giant, set the stage.
-The $2M Series A in Freshworks, now a $10B SaaS unicorn, displayed his foresight.
-Rajan's
How to Succeed in a Competitive Market?
Are you someone who has a great idea but worried about big giants in the market? Success is still within reach. Take Namma Yatri as an example.
Launched in November 2022 in Bengaluru, Namma Yatri reshaped rid