Rapido targets 700 cities in 18 months, pushing bike-taxis into India's taluks and villages
Backed by a fresh $240M raise, Rapido plans to nearly double its footprint from 400 to 700 cities, expanding bike-taxi, e-rickshaw and parcel delivery services into smaller towns and villages. The profitable startup is growing 100% annually, currently moving 30 lakh vehicles a month with a 50 lakh target.
Rapido plans to expand from 400 to 700 cities over next 18 months, targeting taluks and villages with bike-taxi services. Profitable with 100% annual growth, recently raised $240M for expansion and new categories like e-rickshaws and parcel delivery.