19 November 2024
Ride-hailing startup Rapido on Thursday reported a loss of Rs 17 crore in Q2 FY25, a 77 per cent improvement from Rs 74 crore in the same period last year. The low-cost mobility platform reported a gross order value (GOV) of Rs 2,461 crore in Q2 FY25, up more than two-fold from Rs 977 crore in Q2 FY24. The number of ride orders doubled year-on-year to 207 million. The company said it “strategically optimised” its fixed costs, achieving a 50 per cent reduction on a per-unit basis without increasing its overall budget.
Ride-hailing startup Rapido on Thursday reported a loss of Rs 17 crore in Q2 FY25, a 77 per cent improvement from Rs 74 crore in the same period last year. The low-cost mobility platform reported a gross order value (GOV) of Rs 2,461 crore in Q2 FY25, up more than two-fold from Rs 977 crore in Q2 FY24. The number of ride orders doubled year-on-year to 207 million. The company said it “strategically optimised” its fixed costs, achieving a 50 per cent reduction on a per-unit basis without increasing its overall budget.
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