Rapido GOV surges 152% to ₹2,461 cr in Q2
The homegrown bike taxi startup reduced its losses to ₹17 crore for the second quarter from ₹74 crore in the corresponding quarter of the previous year.
The homegrown bike taxi startup reduced its losses to ₹17 crore for the second quarter from ₹74 crore in the corresponding quarter of the previous year.
Rapido plans to use the fundraise to grow its operations across all categories, including bike-taxis, three-wheelers, and taxi-cabs.
Rapido, which was founded in 2015, announced its entry into the cab market through a SaaS-based (software-as-a-service) platform on Tuesday.
A total of 672 venture capital (VC) deals worth $12.1 billion were announced during January-April 2022.
The auto and bike taxi aggregator will use capital to build the team, strengthen tech capabilities, and enhance the consumer experience.