Bike Taxi Startup Rapido Now Launches Cab Services On A Pilot Basis: Ola, Uber Should Be Worried?


Sheetal Bhalerao

Sheetal Bhalerao

Oct 31, 2023


Considering the upcoming festival season, Rapido, the 2-wheeler and 3-wheeler ride-hailing platform is all prepared to launch its cab services in order to compete with brands like Ola and Uber.

Rapido Launches Cab Services

It appears that the Bike taxi startup, Rapido has forayed into the cab segment, currently dominated by Uber and Ola.

With this move, Rapido looks to expand its offerings and shore up revenue.

The service provider has been operating its cab service in Hyderabad over the last few months on a pilot basis. 

In its advanced stage of testing, the platform has received a positive response till now.

Earlier, Rapido was founded in 2015 and since then it has been offering bike taxi services in over 100 cities in India.

In its next phase, the firm has expanded into the 3-wheeler segment recently.

Cab Services & Much More

This Bengaluru-based startup is testing the response for cab services and has commenced a pilot in Hyderabad. 

In its later phase, the company plans to introduce the services in other cities as well.

Further, the company said, “At Rapido, we’re thrilled to share that our test run in Hyderabad for Rapido Cabs is off to a fantastic start. The city’s vibrant market has warmly embraced us, and the positive response is truly heartening. As we navigate our path forward, we are committed to keeping you closely informed about our progress and eagerly anticipate bringing our innovative services to other cities,” in a statement.

Besides this, Rapido is looking to integrate intercity bus ticket booking within its app in partnership with Zingbus, as per the media report.

Here, Zingbus aggregates buses to offer a standardized intercity travel experience to customers. 

Zingbus was founded in 2019 by Prashant Kumar, Mratunjay, and Ravi Kumar Verma.

Zingbus is a Delhi NCR-based startup which claims to have partnered with over 70 small and medium size bus companies and connect 300 cities daily with over 350 buses. 

So far, there is no statement released by Rapido on its partnership with Zingbus.

Interestingly, the development comes a day after Rapido has begun rolling out a premium auto rickshaw service, Auto Plus, in Bengaluru.

Rapido offers auto services and peer-to-peer delivery services via Rapido Local. 

The taxi service provider claims to have a fleet of 5 Mn bike taxis and 7 lakh auto-rickshaws further claiming to operate in over 100  Indian cities and have over 25 Mn app downloads.

Rapido’s entry in the cab segment would further intensify the competition for the companies which currently enjoy a dominant share in the cab services market.

This latest offering by the company is expected to help it draw new customers and retain the existing customers who might have to choose its competitors for availing cab rides. 

In the meantime, Rapido’s net loss surged 163% year-on-year to INR 439.02 Cr in the financial year 2021-22 (FY22), while revenue from operations doubled to INR 144.77 Cr. 

Image Source


Sheetal Bhalerao
Sheetal Bhalerao
  • 596 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online