Software Engineer

talked to a few rapido cab drivers , one of the prime reasons for this is that Rapido is not charging them any commission fee yet , so they prioritize Rapido for now.

Data Scientist

Management Consultant

No commission fee = Cheaper rides for everyone = Many drivers in Rapido

Cybersecurity

Rapido, a ridehailing 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, wi...

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 Surpasses Ola and Uber in Daily Rides- Grapevine

- 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

- 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

Welcome to Indian Startups's Private Community

So, what developments can we see with this?

Rapido raising ~$100M

Growth Manager

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

How is rapido going to make money through cab services ?

I travel regularly, and today prices are 20 rupees higher for 8 kms on all the apps: Uber, Ola, Namma Yatri, and Rapido.

Has uber/ola/rapido increased prices ?

Senior Software Engineer

Ola seems to have deeply deprioritized the cabs business. I've heard it's profitable now for them (makes them cash), but seems like they're not scaling anymore.

Uber is #1 in India by some margin it seems. Dara said they have a higher market share vs. when he took over as CEO (2017)

Product Manager

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

Damn, let me tell you how Ola has messed up the auto rickshaw industry! They came in acting all fancy, promising convenience and fair prices. But what do we get? Overcharging like crazy! Their surge pricing during peak hours is a complete rip-off. They take advantage of our desperation and squeeze every penny out of us. And who suffers the most? The hardworking folks who rely on auto rickshaws every day.

But it doesn't stop there. Ola's profiteering tactics have destroyed the earning potential of auto rickshaw drivers. They used to have control over their fares and make a decent living. Now, Ola dictates the prices and leaves the drivers scraping for scraps. It's just not fair! They've disrupted the whole system, and not in a good way. The drivers are struggling, and we passengers are getting ripped off left and right. Ola, you've turned a once reliable and affordable mode of transportation into a nightmare. Shame on you!

Ola didn't disrupt , it destroyed

Auto drivers are suffering, riders are suffering, company is in losses, shareholders are suffering. Who is winning ? Lol

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 being a bad option again

Operations Manager

what mode of transportation do you guys use?

what are some good cheap apps to book auto taxi for commute to office and home in Gurgaon?

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? 🚀

Corporate Strategist

Saw the latest interview of Bhavish Aggarwal with Shraddha (Yourstory). He looks very good, passion driven and a real change maker.  What do you folks think? Anyone who have worked directly or indirectly worked with him?

I remember there was a time I’d book a ride both on Uber and Ola, there was not so much to separate them.

Ola is messed up now. Extremely poor app (vs Uber), longer waiting times, higher fares

I know they’re focusing a lot on Ola Electric, but how does a company screw over their core business this way

Is this similar for everyone? Anybody who knows what the strategy Ola now is?

Has Ola completely given up? Are there actual PMs who work there?

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 tried Ola ebike service for commuting a short distance ~ 5km. The experience was good and the fare was also cheap(50 Rs.). 
I spoke to the driver about earnings and whether he has to give EMI for the OE bike. Then he showed me the below table - how his earnings are calculated. 

I got shocked at seeing the high earnings amount - upto 4.5K daily which amounts to 1.35 lac monthly! 
He told me that Ola ebike is for short distances only - Upto 7-8 kms. And he is able to get average 3-4 rides in 1 hour, and he also doesn't have to pay for the vehicle rent. The Charging is also free at Ola Chargers. 

I couldn't help but wonder how can Ola sustain with this much spending. If they're giving upto 1lac to every driver and charging the user very less, that's a lot of cash burn.

Rapido Surpasses Ola and Uber in Daily Rides

Discover More

News Discussion on

by Isaiah Carmden

Grapevine

Rapido Joins Unicorn Club with $200 Mn Funding

News Discussion on

by Jordon Olive

Grapevine

Rapido Becomes a Unicorn with Fresh $120M Funding

Indian Startups on

by Karilyn Carmden

CARS24

Rapido raising ~$100M

Bangalore on

by Jordon Vernon

Stealth

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

Misc on

by Karilyn Olive

Deloitte

How is rapido going to make money through cab services ?

Bangalore on

by Blair Denver

Wayfair

Has uber/ola/rapido increased prices ?

News Discussion on

by Matilda Denver

Jupiter

Uber is #1 in India by some margin it seems. Dara said they have a higher market share vs. when he took over as CEO (2017)

Bangalore on

by Dezi Taye

Stealth

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

Bangalore on

by Blair Dean

Student

Ola didn't disrupt , it destroyed

Bangalore on

by Anise Lee

M2P Fintech

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

Indian Startups on

by Coy Taye

Gojek

Rapido being a bad option again

Delhi NCR on

by Isaiah Nadeen

Stealth

what are some good cheap apps to book auto taxi for commute to office and home in Gurgaon?

Indian Startups on

by Jordon Carmden

Series A Startup

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

Indian Startups on

by Anise Taye

Unnamed

Saw the latest interview of Bhavish Aggarwal with Shraddha (Yourstory). He looks very good, passion driven and a real change maker. What do you folks think? Anyone who have worked directly or indirectly worked with him?

Indian Startups on

by Blair Carmden

Series A Startup

Has Ola completely given up? Are there actual PMs who work there?

Layoffs on

by Coy Lee

Rapido

Rapido layoffs

News Discussion on

by Blair Carmden

Grapevine

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

Indian Startups on

by Kendall Lee

Early Stage Startup

Ola ebike - Driver Earnings