*Why Rapido is Famous in India,
Rapido is a popular ride-hailing service in India that offers bike taxi, auto rickshaw, and taxi services. Here are some of its key features:
*Rapido’s Features,
- Bike Taxi: Rapido’s bike taxi service is very popular in India, allowing users to reach their destination quickly and affordably.
- Affordable Fares: Rapido’s fares are very affordable, making it a budget-friendly option for users.
- Convenience: Rapido’s app is very user-friendly, allowing users to easily book their rides.
- Wide Coverage: Rapido’s services are available in many cities across India, making it a convenient option for users.
- Real-Time Tracking: Rapido’s app offers real-time tracking, allowing users to track their rides.
*Rapido’s Popularity
- 20 Million+ Customers: Rapido’s app has been downloaded by over 20 million customers, making it one of the most popular ride-hailing services in India.
- 100+ Cities: Rapido’s services are available in over 100 cities across India, making it a vast and convenient service.
*Rapido’s Awards and Recognition
- Best Ride-Hailing Service: Rapido has been awarded the best ride-hailing service in India, making it a reputable brand.
- Innovative Business Model: Rapido’s innovative business model has received praise, making it a successful startup.
*Rapido’s Founders
- Aravind Sanka: Co-founder and key figure behind Rapido’s inception in 2015.
- Pavan Guntupalli: Co-founder and instrumental in shaping Rapido’s early growth.
- SR Rishikesh: Co-founder and contributed significantly to Rapido’s development.
*Rapido’s Launch
Rapido was launched in 2015 by Aravind Sanka, Pavan Guntupalli, and SR Rishikesh.
*Rapido’s Headquarters
Rapido’s headquarters is located in Bangalore, India.
*Rapido’s Growth to address your queries and concerns.
- To contact Rapido’s customer care team directly, follow these steps:
1. Open the Rapido app or website.
2. Go to the “Help” or “Support” section.
3. Choose your preferred contact method (e.g., phone, email, or chat).
4. Explain your issue or query to the support team.
Rapido’s customer care team is available to assist you with any questions or concerns related to their services.
Rapido’s growth has been remarkable, with the company achieving unicorn status in July 2024 after a $120 million investment from WestBridge Capital at a valuation of $1 billion. Here are some key highlights of Rapido’s growth:
- Key Growth Metrics
Valuation: $1.1 billion as of September 2024, with a growth of 4.4 times over the past two years
Revenue: INR 648 crore in FY24, up from INR 443 crore in FY23, representing a 46.3% increase
Loss Reduction: Losses decreased by 45% in FY24 to INR 371 crore, indicating improved cost management User Base: Over 20 million customers and 1.5 million driver partners as of FY23
Geographic Expansion: Presence in over 100 cities across India
- Business Expansion
Bike Taxi Service: Rapido offers a cost-effective and convenient alternative to traditional taxis, especially for short distances
Cab Service: Launched in Bengaluru and Hyderabad, competing with players like Ola and Uber
Bike Pink Service: Introduced in Chennai, providing a safer and more comfortable commuting experience for women riders with female captains
- Funding and Investors
Funding Rounds: Rapido has raised $629.8 million in funding over 12 rounds, with the latest Series E round led by WestBridge Capital
Investors: Backed by prominent investors, including WestBridge Capital, Think Investments, Nexus Venture Partners, and Invus Group
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