Rapido News
Bike Taxi App Rapido Becomes Enters the Unicorn Club | A Look at Rapido’s Revolution
From a logistics company to an affordable bike taxi platform, Rapido has come a long way and has finally entered the elite group of unicorns. Founded in 2015, by three IIT Alumni, Aravind Sanka, Pavan Guntupalli, and Sr Rishikesh, Rapido focuses on quick and efficient rides within city limits. Here are all the details about Rapido becoming a unicorn and its journey!
30 Jul 2024Bike taxi app Rapido forays into on-demand autorickshaw service
The company plans to expand the auto services to 50 cities in India by the end of 2020. This is the first phase of the launch and Rapido has already on-boarded 20,000 auto captains (autorickshaw driver-partners) so far
1 min read15 Oct 2020Bike taxi startup Rapido launches logistics service for businesses
Rapido Store will help users track all their deliveries across customers simultaneously on a dashboardThe bike taxi startup said it already has over 200 small and medium business users availing the logistics platform
1 min read22 Jun 2020Rapido to offer free rides to Delhi voters on election day
The company also claimed it will waive 100% ride fee for all rides up to 3 km to the election booth anywhere in DelhiAccording to the company, push notification will be sent to all the users in Delhi
1 min read6 Feb 2020‘We took a bold step to focus on tier-2 cities’
We always used to believe that four-wheeler ride-sharing was only for premium users and not affordable for majority of Indians, says Aravind Sanka, co-founder, Rapido
1 min read23 Oct 2019Deals Buzz: CG Power to sell non-core assets, raise fresh equity
In other news, bike taxi startup Rapido has raised around ₹400 crore in a round led by WestBridge Capital. New investors, Alibaba’s BAce Capital and Shunwei Capital, have also participated in the round, along with existing investor Nexus Venture Partners
3 min read28 Aug 2019Rapido raises funds in fresh round led by WestBridge
New investors that have participated in this round include Alibaba's BAce Capital and Shunwei CapitalRapido last raised $10 million in January in a round led by Nexus and Integrated Capital
1 min read27 Aug 2019Deals Buzz: SBI’s credit card subsidiary invites bids from advisors for share sale
In other news, Wadhawan Global Capital (WGC), the parent of cash-strapped Dewan Housing Finance Corp. Ltd (DHFL), is selling its loan distribution business Andromeda Sales and Distribution Pvt. Ltd to London-based metal trading firm, Metdist Group of companies for close to ₹150 crore
4 min read20 Aug 2019Bike taxi firm Rapido acqui-hires analytics startup Vahanalytics
Vahanalytics aims to promote safe driving behaviour among drivers and fleet owners by utilizing sensor dataThe acqui-hire was finalized using a cash and stock component split between the Vahanalytics founders and investors
1 min read20 Aug 2019Shunwei, Westbridge Capital in talks to lead $50 million funding in Rapido
The startup, which had raised $10 million in January, will be valued at $200 million after the new roundShunwei’s investment in Rapido also marks its first deal outside the fintech and content space in India
2 min read13 Aug 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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