Rapido targets 700 cities in 18 months, pushes into taluks and villages
Co-founder says profitable platform will nearly double its city footprint from 400 to 700, betting on underserved taluks and villages. Backed by a fresh $240M raise, Rapido is growing 100% annually with 30 lakh monthly rides and a 50 lakh target.
Rapido plans to expand from 400 to 700 cities over 18 months, targeting taluks and villages with limited public transport. Co-founder says platform is profitable, growing 100% yearly, and recently raised $240 million for expansion and new categories.