CosmicTaco

Rapido's Strategy to Outperform Ola and Uber in India

CosmicTaco · 2024-10-22T12:24:16.012274+05:30

- Rapido, an Indian ride-hailing company, has surpassed Ola to become the second largest in India, only behind Uber. - The company's success is attributed to learning from Ola and Uber's mistakes and creating a lean, cost-effective business model. - Rapido capitalized on India's two-wheeler market, which comprises 75% of all vehicles in the country. - The company has also built a loyal base of driver partners and is expanding into the delivery business. - Rapido's focus on driver satisfaction and instant payment has contributed to its growth. - Despite challenges such as safety concerns and lenient driver onboarding, Rapido continues to grow and innovate. Source: [BackStage with Millionaires](https://youtu.be/W4iHnvaNj_8)

Rapido, an Indian ride-hailing company, has surpassed Ola to become the second largest in India, only behind Uber.
The company's success is attributed to learning from Ola and Uber's mistakes and creating a lean, cost-effective business model.
Rapido capitalized on India's two-wheeler market, which comprises 75% of all vehicles in the country.
The company has also built a loyal base of driver partners and is expanding into the delivery business.
Rapido's focus on driver satisfaction and instant payment has contributed to its growth.
Despite challenges such as safety concerns and lenient driver onboarding, Rapido continues to grow and innovate.

Source: BackStage with Millionaires