Rapido enters fast lane with

“Rapido Enters
Fast Lane With
₹390 cr ”.
- Manisha pant
What is rapido ?
How It Works ?
 Bengaluru-based startup
 Founded in 2015 (by 3 engineers )
 A ride-sharing platform for two-wheeler
 Rapido has 15,000 bike “drivers” or
“captains”
 On its platform and does 30,000 daily
rides
 The base fare is Rs 15, and for every
additional km, Rs 3 is charged.
 In 40 cities across the country and has
100,000 partners on its platform.
(Taken from economics times on
28th august) ..
 Firm’s post-money valuation soars to
₹1,000 cr
after ₹390 crore funding by westbridge
capital
Other are Ant Financial-backed BAce
Fund, Astrend India Investment and
existing investor Nexus Venture Partners
also participated in the Series-B funding
round.
To expand services in 100 cities and 1
million daily rides in next year.
What Benefits Rapido
Provide To Customers ?
Be your own boss , choose your work n
own time
Rider will take ride within in 25 mins.
Save 60% - 70% of their travel costs.
Spend 30% - 40% less time in traffic as
compared to cabs.
Rapido plans to launch “power pass” for
regular commuters, which intends to
make rides even more affordable .
Rapido enters fast lane with
1 von 6

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Rapido enters fast lane with

  • 1. “Rapido Enters Fast Lane With ₹390 cr ”. - Manisha pant
  • 3. How It Works ?  Bengaluru-based startup  Founded in 2015 (by 3 engineers )  A ride-sharing platform for two-wheeler  Rapido has 15,000 bike “drivers” or “captains”  On its platform and does 30,000 daily rides  The base fare is Rs 15, and for every additional km, Rs 3 is charged.  In 40 cities across the country and has 100,000 partners on its platform.
  • 4. (Taken from economics times on 28th august) ..  Firm’s post-money valuation soars to ₹1,000 cr after ₹390 crore funding by westbridge capital Other are Ant Financial-backed BAce Fund, Astrend India Investment and existing investor Nexus Venture Partners also participated in the Series-B funding round. To expand services in 100 cities and 1 million daily rides in next year.
  • 5. What Benefits Rapido Provide To Customers ? Be your own boss , choose your work n own time Rider will take ride within in 25 mins. Save 60% - 70% of their travel costs. Spend 30% - 40% less time in traffic as compared to cabs. Rapido plans to launch “power pass” for regular commuters, which intends to make rides even more affordable .