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Rapido posts wider FY23 loss, threefold growth in revenue, Auto News, ET Auto

Rapido competes with the likes of Ola, Uber, Blusmart, Indrive, Shoffr and Namma Yatri in the Indian ride-hailing space. In FY23, Ola Cabs standalone loss narrowed by 65%, while Uber India s net loss widened to INR 311 crore.

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Rapido posts Rs 675 cr in losses in FY23, revenue up 3X

Bike-taxi startup Rapido saw its losses surge nearly 54 per cent in the last fiscal year (FY23) to Rs 675 crore, from Rs 439 crore in FY22.An increase in riders' cost, IT and employee benefits were behind Rapido's surging losses in the last .

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Rapido FY23 Report: Bike-Taxi Startup Posts Rs 675 Crore in Losses in Last Fiscal Year, Revenue From Operations Jumps Three Times

Bike-taxi startup Rapido saw its losses surge nearly 54 per cent in the last fiscal year (FY23) to Rs 675 crore, from Rs 439 crore in FY22. Rapido FY23 Report: Bike-Taxi Startup Posts Rs 675 Crore in Losses in Last Fiscal Year, Revenue From Operations Jumps Three Times.

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rapido loss: Rapido posts wider FY23 loss, threefold growth in revenue

Rapido competes with the likes of Ola, Uber, Blusmart, Indrive, Shoffr and Namma Yatri in the Indian ride-hailing space. In FY23, Ola Cabs standalone loss narrowed by 65%, while Uber India s net loss widened to Rs 311 crore.

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Rapido sees 3X revenue growth in FY23 amid widening losses from increased expenses

Rapido sees 3X revenue growth in FY23 amid widening losses from increased expenses
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