Rapido to expand services to 500 cities
Rapido said it plans to expand services to 500 cities, up from its current presence in over 120 cities.
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According to the company, the expansion will roll out in phases starting in February, initially targeting Karnataka, Gujarat, Tamil Nadu, West Bengal and Rajasthan. The roll out will then extend to states such as Punjab, Haryana, Uttar Pradesh, Uttarakhand and others.
Rapido, which raised $200 million in a funding round in September last year, entering the unicorn club, currently facilitates 3.6 million rides per day.
“With over 1.3 crore Captains earning over Rs 15,000 crore on the platform, our expansion to 500 cities is a testament to our commitment to empowering individuals and building a more connected India,” said Pavan Guntupalli, cofounder, Rapido.
Founded in 2015, Rapido, known for being one of the first providers of ride-hailing services with two-wheelers, later broadened its services to include three-wheelers and cab services through a subscription model. In this model, driver partners are charged a flat per day or per week fee instead of a commission for each ride.
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