3. How It Works ?
Founded in 2015 (by 3 engineers )
A ride-sharing platform for two-wheeler
Rapido has 15,000 bike “drivers” or
On its platform and does 30,000 daily
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
after ₹390 crore funding by westbridge
Other are Ant Financial-backed BAce
Fund, Astrend India Investment and
existing investor Nexus Venture Partners
also participated in the Series-B funding
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
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 .