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Bike taxi startup Rapido has piloted cab providers on its platform, because it expands to tackle the experience hailing giants Ola and Uber.
The Bengaluru-based startup has piloted Rapido Cabs in Hyderabad presently.
“We’re thrilled to share that our check run in Hyderabad for Rapido Cabs is off to a implausible begin. The town’s vibrant market has warmly embraced us, and the constructive response is really heartening,” a Rapido spokesperson informed BQ Prime. The service will quickly be launched in different cities.
Based in 2015, Rapido has raised round $310 million until date. It’s presently valued at round $830 million and counts TVS, Swiggy, Nexus Enterprise Companions and WestBridge Capital amongst its buyers.
With this transfer, Rapido will probably be foraying into the largely duopolistic cab-hailing business in India. The dominant gamers, Ola and Uber, nook a big chunk of market share, with EV challenger BluSmart chipping away on the section.
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