• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Advertisement
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    How to market a mobile app

    6 ways to market a mobile app

    Latest mobile app trends

    6 Latest mobile app trends

    5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

    5 Ways To Promote Your Mobile App In A Smarter Way

    Get-Your-App-The-Most-Downloads-On-The-Apple-App-Store-Appedus

    How To Get Your App The Most Downloads On The Apple App Store

    Trending Tags

      • App Store Optimisation
      • App User Engagement
      • App Push Notifications
      • App Onboarding
      • App Analytics
    • App Design
    • App Reviews
      • All
      • Books & Reference
      • Business
      • Dating
      • Education
      • Finance
      • Fitness
      • Food & Drink
      • Health
      • iOS apps
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
      • Utilities
      • Video Editing
      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      The-top-ten-mobile-apps-all-travellers-should-use-appedus

      The top ten mobile apps all travelers should use

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

      What To Do If Your Cell Phone Is Lost or Stolen

      Free-Android-Meme-Maker-Appedus

      5 Best Free Android Meme Maker

      Zerodha Kite App Review

      Zerodha Kite App Review: A great way to start investing

      Crello App Review

      Crello App Review 2022 | An Attractive Editing Tool

      8fit App Review

      8fit App Review 2022 | Workouts and Meal Planner

      Trending Tags

      • Travel
      • fitness
      • Video Editing app
      • Utilities
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
    • App Events
    • Exclusive
    • Home
    • App Development
    • App Marketing
      • All
      • App Onboarding
      • App Store Optimisation
      • App User Engagement
      • Push Notifications
      How to market a mobile app

      6 ways to market a mobile app

      Latest mobile app trends

      6 Latest mobile app trends

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      Get-Your-App-The-Most-Downloads-On-The-Apple-App-Store-Appedus

      How To Get Your App The Most Downloads On The Apple App Store

      Trending Tags

        • App Store Optimisation
        • App User Engagement
        • App Push Notifications
        • App Onboarding
        • App Analytics
      • App Design
      • App Reviews
        • All
        • Books & Reference
        • Business
        • Dating
        • Education
        • Finance
        • Fitness
        • Food & Drink
        • Health
        • iOS apps
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
        • Utilities
        • Video Editing
        6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

        6 Best iOS Productivity Apps You Can’t Live Without

        7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

        7 Reasons Why Every Business Should Be Mobile-Friendly

        The-top-ten-mobile-apps-all-travellers-should-use-appedus

        The top ten mobile apps all travelers should use

        5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

        5 Ways To Promote Your Mobile App In A Smarter Way

        What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

        What To Do If Your Cell Phone Is Lost or Stolen

        Free-Android-Meme-Maker-Appedus

        5 Best Free Android Meme Maker

        Zerodha Kite App Review

        Zerodha Kite App Review: A great way to start investing

        Crello App Review

        Crello App Review 2022 | An Attractive Editing Tool

        8fit App Review

        8fit App Review 2022 | Workouts and Meal Planner

        Trending Tags

        • Travel
        • fitness
        • Video Editing app
        • Utilities
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
      • App Events
      • Exclusive
      No Result
      View All Result
      Mobile App Development | Design | Marketing Magazine: Appedus
      No Result
      View All Result
      Home Business

      Rapido, the Indian bike taxi service, raises $52 million

      Rapido is India's first and fastest-growing bike taxi app, with over 25 million downloads. They currently have operations in over a hundred cities.

      by Editorial Team
      August 17, 2021
      in Business, Featured, Funding, News-Curated
      Reading Time: 3 mins read
      2
      Rapido
      Share on FacebookShare on Twitter

      Main Highlights

      • Rapido announced that it has secured $52 million in a fresh funding round as the six-year-old firm seeks to carve out a niche in a market dominated by Ola and Uber.
      • Rapido provides a two-wheeler service in over 100 Indian cities.
      • The business claims to have over 15 million clients and 1.5 million captains, or driver-partners.
      • The firm has also expanded in the three-wheeler market, which it claims has grown fourfold in the 26 locations where it is currently operating in hyperlocal deliveries.

      Rapido, an Indian bike taxi aggregator, announced on Monday that it has secured $52 million in a fresh funding round as the six-year-old firm seeks to carve out a niche in a market dominated by Ola and Uber.

      Shell Ventures, Yamaha, Kunal Shah of CRED, Amarjit Singh Batra of Spotify India, and Positive Moves Consulting contributed to the six-year-old startup’s new Series C funding. Existing investors Pawan Munjal of Hero Group, Westbridge, Nexus Venture Partners, and Everblue Management joined the round, bringing the company’s total funding to more than $130 million.

      Rapido provides a two-wheeler service in over 100 Indian cities. The business claims to have over 15 million clients and 1.5 million captains, or driver-partners. In recent years, the firm has also expanded in the three-wheeler market, which it claims has grown fourfold in the 26 locations where it is currently operating in hyperlocal deliveries.

      Rapido is India’s first and fastest-growing bike taxi app, with over 25 million downloads. They currently have operations in over a hundred cities. Since its beginning in 2015, Rapido has gone a long way. They have carved out a niche in the industry via hard work and dedication. It is their continuous endeavor to reinvent themselves as a brand and as a service.

      Rapido’s innovative service concept

      Rapido has 10 million satisfied clients and 100 million rides. Rapido’s innovative service concept is here to change intra-city travel by bringing you enhanced comfort and convenience. Their existence in the country has altered the idea of intra-city mobility and made last-mile connections accessible to everyone.

      Aravind Sanka, Pavan Guntupalli, and SR Rishikesh, two IIT grads, launched theKarrier in 2015. According to estimates from September 2018, Rapido has over 15,000 registered users, with an average daily trip of 30,000. Rapido investors include Hero MotoCorp chairman Pawan Munjal and former Google India CEO Rajan Anandan.

      Rapido co-founder Aravind Sanka stated in 2019 that the firm has produced over 500,000 employment in India. The firm claims to have 1 crore registered users in November 2019.

      Rapido extended its logistical operations during the outbreak of the COVID-19 pandemic, enabling hyperlocal delivery for local businesses and e-commerce enterprises. Rapido will start on-demand auto-rickshaw hailing services in 14 locations in October 2020.

      The firm claimed in a statement that its platform, which was affected by the coronavirus epidemic that forced India to impose lockdowns in many states, had already recovered to an 85 percent level. The firm credited its success to India’s rising e-commerce and hyperlocal delivery prospects.

      How has the pandemic affected Rapido?

      “Even though our product and business strategy are profitable and have the potential to generate tremendous revenue,” said Aravind Sanka, co-founder of Rapido, in a statement.

      He stated that the startup’s goal over the next 18 months is to service 50 million consumers. The firm intends to use funds to expand its technological stack, as well as to make strategic investments and recruit additional personnel.

      Rapido’s expansion coincides with a change in India’s mobility industry, where Uber and Ola have inundated more than a million taxis in the last decade. Two-wheelers and three-wheelers have shown to be more successful in metropolitan areas since they can go considerably faster through traffic and are less expensive.

      In recent years, both Ola and Uber have moved into the two-wheeler and three-wheeler categories, forming agreements with companies such as Vogo and Yulu. Ola has also moved into the production of electric automobiles. It introduced its first electric scooter, the Ola S1, on Sunday for 99,999 Indian rupees, or $1,350. On a full charge, the electric scooter has a range of 121 kilometers (75 miles).

      mm

      Editorial Team

      We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

      Next Post
      BrainQ

      BrainQ raises $40M to gain FDA Breakthrough Device designation

      Weekly Newsletter

      Top Apps This Week

      Google Now Just Made It Even Easier To Track Your Favorite TV Shows And Movies
      Featured

      Google Now Just Made It Even Easier To Track Your Favorite TV Shows And Movies

      by Editorial
      January 7, 2023

      Today’s announcement by Google of a new feature for their...

      Read more
      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      December 31, 2022
      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      December 26, 2022
      Load More

      About Us

      Mobile App Development | Design | Marketing Magazine: Appedus

      Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

      Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

      Latest Articles & News

      How to market a mobile app

      6 ways to market a mobile app

      January 18, 2023
      Best practices for mobile app design

      Best practices for mobile app design

      January 17, 2023

      Important Links

      • Guest Post
      • Submit App Review
      • Submit PR
      • Mobile App Marketing
      • Mobile App Reviews | Top Android & iOS app reviews
      • Top Apps
      • Curated News
      • Advertise
      • Contact Us

      Subscribe

      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      No Result
      View All Result
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version