CosmicTaco

Rapido Surpasses Ola and Uber in Daily Rides

CosmicTaco · 2024-10-05T13:25:14.077667+05:30

- 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, 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

8mo ago

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SillyPenguin

Salesforce8mo

I use whichever is cheaper on the day

BouncyPancake

Stealth8mo

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.