Rapido Cab services will expand soon! According to an official announcement, Rapido has added a cab booking service, to its offerings of motorcycles and auto-booking services. According to the startup supported by Swiggy, it has almost a lakh taxis on its platform. It is presently accessible in Bengaluru, Hyderabad, and Delhi NCR.
Expansion of the Rapido Cab Services
By the middle of 2024, Rapido wants to grow throughout all of India, according to co-founder Pavan Guntupalli. Rapido intends to broaden its reach with “the pan-India launch of Rapido Cabs, introducing an initial fleet of 1 lakh vehicles,” according to the statement. The aggregator firm now holds a 60% market share in bike taxis.
Speaking on the launch of cab services, Guntupalli talked about the expansion. “We are incredibly excited to introduce Rapido Cabs pan India following the immense success of our bike taxi and auto services across the country. Our innovative SaaS-based platform revolutionizes the conventional commission system for drivers, tackling the persistent challenge of commission sharing with aggregators. This pioneering approach ensures that drivers incur only a minimal software usage fee, marking a significant shift in the industry.”
He added, “It also prioritizes customers by ensuring the lowest price guarantee and making our services exceptionally affordable for all.”
In 2022, Rapido raised $130 million from various investors. Presently, Rapido is present in approximately 100 cities nationwide, with over 25 million customers and over 1.5 million driver-partners. Drivers pay a nominal subscription fee of ₹500 once they reach earnings of ₹10,000 through the Rapido app.
Rapido is the largest and potentially fastest-growing bike taxi service, while both Ola and Uber—known for their cab aggregation businesses—offer similar services. The recognition of the brand has been further enhanced by the television commercials that are aired during Indian Premier League games. Because of their pricing, autorickshaw unions appear to be the most antagonistic toward bike taxis, viewing them as their closest rivals.
If you have any questions, feel free to ask in the comments below. And, if you find the blog informative, don’t forget to share. Stay tuned with us for trending blogs on entertainment, gaming, and more.