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rapido.bike

Founded Year

2015

Stage

Series D | Alive

Total Raised

$308.77M

Valuation

$0000 

Last Raised

$180M | 1 mo ago

Mosaic Score

+70 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Rapido

Rapido allows users to book a bike ride through a mobile app while traveling solo. Riders log on when they are moving from one place to the other broadcasting that they have an empty seat, which is an offer to be shared with a rider who also wishes to travel in a similar direction. The system matches the requirement of both parties and connects them to each other. It was founded in 2015 and is based in Madhapur, India.

Rapido Headquarter Location

3rd Floor, Sai Prithvi Arcade Megha Hills, Sri Rama Colony

Madhapur, 500081,

India

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Research containing Rapido

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Rapido in 2 CB Insights research briefs, most recently on Apr 19, 2022.

Expert Collections containing Rapido

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Rapido is included in 2 Expert Collections, including Smart Cities.

S

Smart Cities

1,891 items

M

Mobility-as-a-Service

558 items

Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.

Latest Rapido News

Consumer Protection Regulator Issues Notices To Ola, Uber For Unfair Trade Practices

May 20, 2022

Earlier in May, the central government warned cab aggregators of strict action unless they improve their systems and redress rising consumer complaints The Central Consumer Protection Authority (CCPA) has given 15-day time to the cab aggregators to reply to the notice The meeting, also attended by other players such as Meru, Rapido and Jugnu, was convened to discuss a slew of issues such as ride cancellation policy and the ‘no AC policy’ The Central Consumer Protection Authority (CCPA) has issued notices to cab aggregators Ola and Uber for unfair trade practices and violation of consumer rights. Most of the complaints received against the cab aggregators in the last one year are related to the deficiency in services and other unfair trade practices, CCPA chief commissioner Nidhi Khare told news agency PTI. The CCPA has given 15-day time to the cab aggregators to reply to the notice. The government also rebuked them over alleged unfair trade practices including their ride cancellation policies, in a meeting held with representatives of cab aggregators such as Ola, Uber, Meru, Rapido and Jugnu. Earlier, the government said that it has received complaints that drivers are forcing customers to cancel trips despite accepting bookings, resulting in consumers paying unnecessary fines. The authority has shared related statistics with the cab aggregators and asked them to improve their services and redress consumer complaints otherwise the authority will take strict action against them, Consumer Affairs secretary Rohit Kumar Singh had said. Recommended For You: 20th May, 2022 Earlier in May, the government asked the cab aggregators including Uber, Ola, Meru Cabs, among others to share the algorithm used by them to calculate charges levied by them as consumers are complaining about a spike in fares and arbitrariness of some of the charges, including the refusal of drivers to switch on the air conditioner (AC), citing a rise in oil prices. Moreover, the Bombay High Court last month called app-based cab firms operating in the state without valid licenses as an instance of ‘complete lawlessness’. The court directed all such aggregators to apply for valid licenses by March 16 if they wish to continue operations. Ola and Uber have been in the news over the ‘no AC’ policy adopted by its drivers to protest fuel price hike and low commissions given to them. Just a day ago, Uber India hiked fares in many cities across the country to help the drivers against the impact of rising fuel prices. Uber India and South Asia’s head of operations Nitish Bhushan said in a blogpost that the Uber experience hasn’t been as ‘magical’ as the company would like for both drivers and riders. The drivers had raised the issue of fuel price hike and to solve this problem, the company has decided to increase Uber fares to cushion drivers, said Bhushan without disclosing the effective increased rates or the cities where the new rates have been implemented. Meanwhile, the online four-wheeler taxi booking segment in the country is dominated by Ola, Uber and Meru. The online taxi services market in the country was valued at INR 2,975 Cr in FY19 and was expected to grow to INR 6,159 Cr by 2024 at a compound annual growth rate (CAGR) of 16.60%, according to a report.

Rapido Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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  • When was Rapido founded?

    Rapido was founded in 2015.

  • Where is Rapido's headquarters?

    Rapido's headquarters is located at 3rd Floor, Sai Prithvi Arcade, Madhapur.

  • What is Rapido's latest funding round?

    Rapido's latest funding round is Series D.

  • How much did Rapido raise?

    Rapido raised a total of $308.77M.

  • Who are the investors of Rapido?

    Investors of Rapido include SIG Asia Investments and PreAngel.

  • Who are Rapido's competitors?

    Competitors of Rapido include Bounce and 4 more.

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