They cannot. Auto drivers already make way less money. Riders do not want to pay more. 
  
 With fuel prices getting expensive and push towards metro and towards public transport (due to outrage), number of trips/resident should decrease. I do not see more than a couple aggregators to survive. Bike taxi was a better alternative due to lower cost and pricing.

even in bike taxi they are not paid well, so they use loopholes by asking customer directly to pay and complete the ride immediately they hop on

Management Consultant

Investment Manager

Lawyer

How is rapido going to make money through cab services ?

How is rapido going to make money through cab services ?- Grapevine

Utterly dumb decision, will just increase cars on the road. How do they even come up with such stuff?

Software Engineer

Welcome to Indian Startups's Private Community

So, what developments can we see with this?

Rapido raising ~$100M

Growth Manager

Welcome to News Discussion's Private Community

- Rapido, a ride-hailing platform, completes 2.5 million trips daily, surpassing Ola and Uber's daily rides.
- Started as a bike taxi firm in 2015, Rapido expanded to autorickshaws and cab services, with bike taxis remaining its core business.
- Rapido's annualised GOV run rate was $1.2 billion as of September, with bike taxis contributing $450 million.
- The company's daily ride count surged from 200,000 in mid-2022 to 2.5 million now, with GOV improving from $85 million to $1.2 billion.
- Rapido aims to turn profitable soon with an EBITDA margin of 4-5% and triple GOV to $3.6 billion in the next two years.

Source: [The Arc](https://thearcweb.com/article/rapido-ola-uber-duopoly-westbridge-aravind-sanka-40t23KPqtGnyzYXL)

Rapido Surpasses Ola and Uber in Daily Rides

Journalist

- Rapido, the bike-taxi startup, has reached a $1 billion valuation, becoming the latest Indian unicorn after securing $120 million in a Series E funding round led by WestBridge Capital.
- The new funding highlights Rapido's growing influence in India's mobility sector, challenging the dominance of Uber and Ola, and aiding Swiggy in its competition against Zomato in the food delivery market.
- Rapido's focus on two-wheeler transportation has allowed it to overcome challenges faced by traditional cab services, leveraging the widespread use of motorcycles and scooters in India's congested cities.
- Swiggy, which led Rapido's previous funding round, has found a valuable delivery partner in Rapido, enhancing work opportunities for Rapido's drivers and planning to increase its stake post-IPO.
- Rapido's latest funding round also saw participation from Khazanah, Malaysia’s sovereign wealth fund, marking it as the third Indian startup to achieve unicorn status this year, following Perfios and Krutrim. 

 Source: Techcrunch

Rapido Becomes a Unicorn with Fresh $120M Funding

Auto driver was harassing the person because he took rapido bike for his office. When will this stop in bengaluru why auto drivers consider them as don of Bengaluru?

Today i saw auto driver harassing a person in bengaluru because he took rapido bike for office

- Rapido has raised $200 Mn in a Series E funding round led by WestBridge Capital, pushing its valuation to $1.1 Bn.
- The funds will be used to expand Rapido's new four-wheeler taxi service, aiming to compete with Ola and Uber.
- The startup has seen its revenue grow more than 12 times, according to cofounder Aravind Sanka.
- Rapido is currently handling 2.3-2.5 Mn orders daily, with 7% from B2B operations, including food delivery for Swiggy.
- Despite the growth, Rapido's net loss widened to INR 674.5 Cr in FY23 from INR 439 Cr the previous year. 

 Source: [Inc42](https://inc42.com/buzz/rapido-claims-unicorn-tag-with-200-mn-funding-from-westbridge-others/)

Rapido Joins Unicorn Club with $200 Mn Funding

Hit or miss?

Great, now some excitement on the rides. It can explode when payment fails!

Let's ignore what's wrong with startups, keep this an optimistic thread. Which startups make you excited about their future? 
The ones that have cracked product, GTM, model, or something else.

Name the best Indian startups :)

One for the believers: Which startups in India do you feel are going to make it really big? 🚀

Product Manager

Corporate Strategist

Do you think it would work? Would ola and uber forced to implement it?
There are offline cabs which charges way higher for airport pickup and drop.

Cab fare cap

Engineering Manager

Welcome to Product Managers's Private Community

Hello Product manager,
I was working on some b2b idea and one thing made me to research about D2C brands marketing on fintech apps through coupon cards. And i have seen D2C market getting good conversation rates than google ads. Even fintech also cracked this revenue stream because of users. 
But one thing i did not understand is why OLA, uber, rapido not going into ad things? When they can also provide coupon cards of brands when users completing rides? 

Every response will be helpful and it will be very insightful if you really work in this companies.

Doubt on on demand industry

I am at my wits end. It takes 20-25 minutes just to get someone to accept my booking only for them to cancel. Almost roz ka hai! Bluesmart mein kabhi slots hi nahi milte! Ola, Uber, Rapido toh 20-25 min tak search hi karta rehta hai. Namma Yatri toh aur bhi hopeless hai! Please koi hack batao 🥲🙏🏻

How to get a cab/auto for office???

Brand Communication Manager

- Moving Tech Innovations Ltd, the firm behind Namma Yatri, raised $11 million in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google.
- The funds will be invested in technology, R&D, and product innovation to empower drivers, integrate public transport, and enhance customer experience.
- Moving Tech aims to increase driver earnings and provide reliable, affordable, and sustainable mobility solutions through direct-to-driver and multimodal transportation models.
- Originally launched as the Yatri app, Namma Yatri debuted in Bengaluru, Mysuru, Tumkur, and Kochi, and has expanded to Chennai, where it also facilitates metro-ticket bookings.
- The company was spun off from Juspay in April 2020 and is led by Shan M S and Magizhan Selvan, who aim to create an impact similar to UPI in India and Linux worldwide. 

 Source: Moneycontrol

Namma Yatri Parent Raises $11 Million in Funding

Rapido will be laying off from all departments in next 1-2 months due to not able to achieve EBITDA +ve. 

Laying off Funda is totally unacceptable. 

- what is the 1st thing to do - professionally and personally?
- how to reach to the right people to get referrals for operation profile?
- how to highlight with every other organisations and awaited employee to join in Rapido?

Confirmed - Rapido layoff | 200 employees

Program Manager

https://m.timesofindia.com/auto/news/carpooling-is-now-illegal-fines-of-up-to-rs-10000-issued-details-car-pool-bengaluru-bangalore-news/articleshow/104041793.cms

Tldr: Bengaluru transport commission has banned share rides using Quick ride, bla bla car, etc.

Peak Bengaluru Corruption!

Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership. Good sign or not? Could signal lack of forethought among those at top. What do you guys think?

Rapido layoffs

- Rapido plans to transition its bike-taxi service in Delhi to an all-electric fleet within the next year.
- The company is partnering with Zypp Electric and Gogoro to achieve this goal.
- Currently, 25 percent of Rapido's bike-taxi services in Delhi are electric.
- This move could give Rapido a competitive edge over rivals like Ola and Uber.
- Rapido is also entering the quick commerce delivery segment, partnering with Zepto, Pincode, and KPN Farm Fresh. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/rapido-to-switch-to-all-electric-bike-taxi-fleet-in-delhi-by-next-year-12823338.html)

Rapido to Electrify Entire Bike-Taxi Fleet in Delhi by Next Year

I have been thinking about this lately of how the private cab services over fill the cabs with students and are of very bad quality, in summers students get drenched in sweat in their uniform .
So if someone was to start a service of providing premium cab service with ed-tech infotainment screens installed and an app to track when a student was seated in cab , and dropped of to school with all car details and driver details and number of students so that parents can track everything..
How does it sound? Do you think it will work ?

How is rapido going to make money through cab services ?

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