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Rapido Surpasses Ola and Uber in Daily Rides

  • 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

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1mo ago3.3K views
Dekisugi
Dekisugi
Salesforce1mo

I use whichever is cheaper on the day

xcalabarat
xcalabarat
Stealth1mo

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.

estrada
estrada
Stealth1mo

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

Heston
Heston
Cognizant1mo

I never got a rapido ride in Pune 😳

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