Rapido has achieved over $4 billion in annualized gross order value after stepping up operational expansion into food delivery alongside its core mobility services. The surge in scale is fueled by a $240 million funding round secured in May. Currently handling roughly 8.3 million orders per day, the platform continues to rely overwhelmingly on its original ride-hailing business to drive transaction volume.
Key points
Ride-hailing continues to serve as the platform's primary engine, generating more than 95…: Ride-hailing continues to serve as the platform's primary engine, generating more than 95% of daily transactions.
New capital raised in May is actively supporting Rapido's strategic push beyond transit i…: New capital raised in May is actively supporting Rapido's strategic push beyond transit into food delivery.
Achieving 8.3 million daily orders establishes the startup among the largest consumer int…: Achieving 8.3 million daily orders establishes the startup among the largest consumer internet platforms in India.
Sources checked by our analysis pipeline: 1
New Delhi: Ride-hailing startup Rapido has crossed $4 billion in annualised gross order value (GOV), quadrupling its scale in two years, as it steps up expansion across mobility and food delivery following a $240 million fundraise in May this year, according to people in the know.The Bengaluru-based company is averaging around 8.3 million orders a day across its services, making it one of India’s largest consumer internet platforms by
Business NewsTechStartupsFrom bikes to billions: Rapido’s gross order value quadruples in two years to $4 billion
From bikes to billions: Rapido’s gross order value quadruples in two years to $4 billion
Synopsis
The Bengaluru-based company is averaging around 8.3 million orders a day across its services, making it one of India’s largest consumer internet platforms by transaction volumes. Ride-hailing continues to comprise more than 95% of the company’s daily average orders.
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