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
RBI MPC meeting day 2, Nifty outlook in top news today (June 7). Maruti Jimny price reveal, SC hearing on plea against Rapido, Sonalis Consumer Products IPO, WTC Final, Cyclone Biparjoy also in focus.
Rapido currently enjoys a 65% market share in India’s fledgling bike-taxi industry. Its revenue has grown from Rs 301 crore in FY20 to Rs 597 crore in FY22. Watch this Visual Story to see Rapido s supremacy in bike-taxi market and resilience among pushbacks & bans.
Carrying passengers on two-wheeler bike taxis bearing Private registration number has been made a punishable offence and may attract fine upto Rs 10,000 here.