The Karnataka High Court had granted interim protection to Rapido in 2021 against any coercive action by the state government after the transport department cracked down on the operations of the bike taxi app.
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.
From initially facilitating 500 rides daily to 1.5 million rides now, Rapido's rise is a testament to its ground-level awareness of real problems - Issue Date: Jan 21, 2024
A user on X (formerly Twitter) recently shared her intriguing encounter with a Rapido driver who used to work as a corporate manager at a major company.