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Rapido Bike Taxi - India’s largest bike taxi app. Know Us Better. We have crossed 10 million happy customers and 100 million rides. Rapido is here to revolutionize intra-city travel as we bring you redefined comfort & convenience with our disruptive service model. Read more here. Our Impact.
Founded in 2015, the company is based in Bangalore and operates in over 100 cities, but has run into legal troubles in several locations where bike taxis are not legal. [3] History. The company was founded in 2015 as theKarrier [4] by two IIT alumni and a PESU alumni – Aravind Sanka, Pavan Guntupalli, and SR Rishikesh. [5] .
4 days ago · Rapido is a Bangalore-based Indian online bike taxi aggregator, which was founded in the year 2015. It operates in 100+ cities across the country and also travels to various places in and around them. It has got more than 15000 registered riders a day. Rapido - Industry. The bike taxi market in India was last valued at $50.5 million in 2021.
We’re India’s largest Bike Taxi App service and making quick strides in app-based auto rickshaws and delivery, among others. We’re on a mission to revolutionize the way people commute....
6 days ago · The company is also backed by mobility focused investor AdvantEdge, which led some of Rapido's early funding rounds. Presently, WestBridge is the biggest shareholder in the bike taxi platform. In FY23, Rapido saw its net loss widen 54% to Rs 675 crore, even as operating revenue tripled to Rs 443 crore. It has yet to file FY24 financial statements.
5 days ago · Image Credits: Getty Images. Bike-taxi startup Rapido is the latest Indian startup to become a unicorn, meaning it reached $1 billion in valuation. The 8-year-old firm has raised $120 million in a ...
Rapido bike taxi provides the best intra-city commuting services and is currently operating in 100+ cities. It is considered as the most affordable choice.
5 days ago · Rapido, the bike taxi major, has turned unicorn after a fresh funding round of Rs 1,000 crore or about $120 million from existing investor WestBridge Capital. The board at Roppen Transportation Services Pvt., which operates Rapido, allotted shares to Konark Trust, MMPL Trust and Setu AIF Trust, which are associates of WestBridge Capital, according to regulatory filings accessed via TheKredible.
6 days ago · Economic Times, citing people familiar with the matter, reported that the company will likely raise another $20 million from global investors. Rapido reported a rise in revenue to Rs 497.5 crore ...
Oct 26, 2023 · Rapido, the eight-year-old Indian bike taxi startup, is expanding into the cab market in the South Asian nation, where Uber and its homegrown competitor Ola dominate. The Bengaluru-based startup...
