Rapido to nearly double footprint to 700 cities in 18 months, pushing into taluks and villages
Mobility platform Rapido plans to expand from 400 to 700 cities over the next 18 months, targeting deeper rural penetration. Backed by a fresh $240M raise, the company reports 100% YoY growth and is scaling toward 50 lakh vehicles/month from 30 lakh, while entering e-rickshaws and parcel delivery.
Rapido plans to expand from 400 to 700 cities over the next 18 months, targeting taluks and villages. Profitable with 100% YoY growth, recently raised $240M for city expansion and new categories like e-rickshaws and parcel delivery.