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Dec 28, 2010 · View Aravind Sanka’s profile on LinkedIn, a professional community of 1 billion members. Experience: Rapido - Bike Taxi of India · Education: Indian Institute of Technology, Bhubaneswar ·...
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- Indian Institute of Technology, Bhubaneswar
- Rapido-Bike Taxi of India
May 9, 2023 · Meet Aravind Sanka, IIT alumnus and former Flipkart employee, who cofounded Rs 6,800 crore company. Aravind Sanka also worked as a summer intern at Tata Motors for three months in 2011.
- Rapido - About
- Rapido - Industry
- Rapido - Startup Story
- Rapido - Business Model
- Rapido - Revenue Model
- Rapido - Tagline, Slogan and Logo
- Rapido - Funding and Investors
- Rapido - Growth and Revenue
- Rapido - Product and Service
- Rapido - Challenges
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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.
The bike taxi market in India was last valued at $50.5 million in 2021. The same industry is expected to grow by a CAGR of 48.5% from 2022-2030 and is expected to reach $1478 mn by 2030, as declared by Allied Market Research. Ola in another report via its policy research arm, Ola Mobility Institute (OMI), announced that the revenue potential of bik...
The foundation of Rapido dates back to the carrier days, which was modelled on a logistics and supply-chain-driven model that enabled their clients to seamlessly transport their belongings. Things were not bad for the company but according to Aravind Sanka, one of the co-founders of Rapido, they "quickly realized that shifting gears from B2B to B2C...
The app allows its users to book a ride after which a rider, known as captain, would arrive at the user's location. The fare of each ride depends upon how many kilometres the user has to go. One's those who want to perform as captains, have to register themselves through the Rapido captain app and get validated by submitting the required documents ...
The revenue model of Rapido has got two main aspects. It claimed that in the year 2019 the company had a 13X jump in its revenue. 1. One is commission-based. The company makes wealth by performing as a bridge between the two - captains and the ride seekers. The company charges 20% of the total fare as it's commission. 2. The other one is a B2C comm...
The tagline of the company is Ride Solo. Aravind Sanka says here that 60% of the working public changes three modes of the vehicle while commuting on a daily basis. The founders wanted something reliable, convenient, and affordable for the common people to travel short distances so they came out with the tagline written above. The colours included ...
Rapido has raised $310.4 million in funding over 10 funding rounds as of April 15, 2022. In the last, Series D fundraising round that came in on April 15, 2022, the company raised $175 mn from a clutch of investors including Westbridge Capital, TVS Motors, Shell Ventures, Nexus Ventures, which was led by Swiggy. In the previous (Series C) round tha...
The startup company is growing rapidly. The growth reflects in its financials. The Bengaluru-based company reported that a 12.5x jump in the revenue was seen in the previous year. The company earned interest income and capital gain on the sale of mutual funds. It aims to cross the million mark a day but already boasts of having 5,00,000 captains, w...
Bike Pink
Rapido has introduced the 'Bike Pink'service in Chennai on September 4, 2023, specifically designed to address the transportation needs of women riders by offering them female captains for a safer and more comfortable commuting experience.
Cab service
On November 8, 2023, Rapido enters the Bengaluru cab ride-hailing sector, which is now dominated by companies like Ola, Uber, BluSmart, and QuickRide. Rapido first offered cab services in Hyderabad.
The Belief in the Two-Wheeler Mobility Service
Rapido has faced one too many challenges to date. The first and the most prominent challenge that Rapido had to battle with since the company was established was the notion that the two-wheelers are not safe. This was ingeniously tackled by Rapido by launching insurance from day zero. "The app was in-built with a mechanism to track the speed of the captain. He would be deactivated if he went beyond a particular speed,” said Aravind.
The Drug Bust
In the Bengaluru drug bust case, two agents from Dunzo and Rapido were arrested for delivering huge amounts of drugs. This was a part of the nationwide crackdown on narcotics.
Rapido is a bike taxi aggregator founded by Pavan Guntupalli, Rishikesh SR and Aravind Sanka in 2015. Learn about their journey, business model, funding, challenges and future plans from this StartupTalky profile.
Aug 15, 2023 · In this episode, Aravind Sanka unravels Rapido’s journey from its early days, when it was difficult to explain the concept of bike taxis to VCs, to being present in 85+ cities, creating...
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- IndiaQuotient
Feb 7, 2020 · Rapido is a ridesharing platform that offers two-wheeler services in 100 Indian cities. Aravind Sanka, along with Pavan Guntupalli and SR Rishikesh, started Rapido in 2015 and has raised $75 million from investors.
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Jan 8, 2024 · Aravind Sanka is one of the co-founders of Rapido, a start-up that offers affordable and convenient mobility solutions in India. Learn how Rapido pivoted from a failed logistics venture, adopted a subscription model, and expanded into different vehicle segments and cities.
