Rapido's Strategy to Outperform Ola and Uber in India

• 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