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Aug 1, 2024 · Rapido recently joined the Unicorn Club on 29 July 2024 with a $120 million investment from WestBridge Capital at a valuation of over $1 billion. Here's a look at the business model of Rapido and how it makes money. What Makes Rapido Unique From Its Competitors?
Dec 20, 2023 · How Does Rapido Make Money? In the bustling labyrinth of urban life in India, where every minute counts, Rapido has carved its niche as the go-to solution for swift and affordable transportation. But what powers this behemoth of two-wheeled mobility?
Jul 16, 2023 · Rapido makes money through a commission-based system, wherein the company earns a percentage of the fare for every ride or last-mile delivery facilitated through its platform. Rapido acts as an intermediary, connecting customers with the pool of bike taxi drivers registered on their platform.
Aug 12, 2023 · In 2022, Rapido received around $180 million in a funding round led by food ordering & delivery company Swiggy, raising the bike taxi company’s valuation to $830 million. Participants in the Series D round include TVS Motor Company, Shell Ventures, Nexus Ventures, and Westbridge.
Jun 6, 2024 · How does Rapido get profit? A. Rapido generates revenue by providing bike taxis, autos, and delivery services, along with its subscriptions and marketing income . Income from the delivery services is the primary source of revenue for Rapido.
Feb 21, 2023 · Customers can pay for Rapido rides through the mobile application using various payment options, including digital wallets, credit/debit cards, or cash. Rapido also offers an option for customers to schedule rides in advance, making it more convenient for them to plan their trips.
Sep 26, 2023 · The comprehensive article on Rapido's business model, how Rapido generates revenue, and Rapido's success story is included as well.
Sep 5, 2022 · Rapido Business Model - How Does Rapido Make Money? Rapido is one of the leading bike taxi providers in India. Let’s understand the business model of Rapido and how it makes money.
Oct 21, 2021 · Rapido claimed a 12.5x increase in revenue in the FY 2019-20. Rapido is an Indian online bike taxi aggregator based in Bangalore. It got founded in 2015 by Pavan Guntupalli, Rishikesh SR and Aravind Sanka.
Sep 5, 2024 · Rapido recently joined the Unicorn Club in July 2024, with a $120 million investment from WestBridge Capital at a valuation of $1 billion. Read the Rapido success story, about its founders, startup story, valuation, tagline, business model, revenue model, and more below, and learn more unknown facts about the company.
