Rapido, the First Bike Taxi in India to Complete 1 Lakh + Rides with 50,000 Downloads Today!

Rapido has completed 1 lakh+ rides and 50,000 App downloads making it the first bike taxi service in India to achieve these milestones together. Rapido is the swiftest, cost-effective and secure mode of local travel in Bangalore and Gurgaon. Headquartered in Bengaluru, Rapido has shown immense growth since its inception in November 2015. Rapido has 500+ riders on road on a daily basis in Bengaluru & Gurgaon and has up to 85% of repeat customers every day. The App now has reached a milestone and has also garnered 4 star app rating and 100% app bookings. Rapido sees 10% of women customers opting for their service on a repeat basis. It recently launched its services in Gurgaon and has already completed 3000+ rides in last 15 days. In Gurgaon the service is available through App & hailing both.

Rapido's vision is what makes them different from the other bike taxis in India. They are building a community where riders with a spare seat on their two-wheelers get to meet other riders who are open to the idea of sharing a bike ride to travel over distances within the city. So, while you save time and money, the biker on the Rapido platform gets the opportunity to earn some extra money. An easy user interface let's you identify where the nearest rider is and request a booking within seconds. Cancellations are also effortless and free!

Aravind Sanka, Co-Founder, Rapido said, "Entire team has expertise on on-demand transportation services which helps us to stay ahead in the race and being the first of its kind, we not only comprehend the market better but also design and alter our product accordingly. More than the financial gains, a deep insight into the psyche of the customers is crucial to thrive in this space. The bike taxi market is more advanced than the taxi market and there is ample space for vertical players to fit in."

Source : Equity Bulls

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