New Delhi: Homegrown ride-sharing platform Rapido registered a net loss of Rs 371 crore last fiscal (FY24) from Rs 675 crore in FY23. Controlled expenditure helped the company cut losses by about 45 percent in FY24 from Rs 675 crore in FY23, as return on capital employed (ROCE) and EBITDA margins stood at -90.7 percent … Read more
New Delhi: Homegrown ride-sharing platform Rapido on Thursday said it has raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by WestBridge Capital, and also saw participation from existing investor Nexus, along with new investors Think Investments and Invus Opportunities. “Over the past year, … Read more
Last Updated: May 09, 2024, 21:40 IST Rapido has a pool of eight lakh bike drivers in Delhi with a subscriber base of 80 lakh (Representative Image) As per the arrangement with Rapido, eligible voters in Delhi will be provided with an option to avail a free of charge ride from the polling booths to … Read more
New Delhi: Bike-taxi startup Rapido saw its losses surge nearly 54 percent in the last fiscal year (FY23) to Rs 675 crore, from Rs 439 crore in FY22. An increase in riders’ cost, IT and employee benefits were behind Rapido’s surging losses in the last fiscal year. Incentives and charges paid to riders accounted for … Read more
