Rapido targets 50 million customers by 2022-end
05 November 2024
Bike-taxi platform Rapido, which recently raised $180 million in a Series-D round, has grown 2.5x to pre-pandemic levels. Its valuation has crossed $830 million, and with the next round of funding, the Swiggy-backed start-up will enter the unicorn club. It has over 25 million customers and over 1.5 million driver partners. Rapido aims to serve over 50 million customers by the end of this year. It does close to 20 million orders per month, and there are 5% women riders and nearly 20% women customers.
Bike-taxi platform Rapido, which recently raised $180 million in a Series-D round, has grown 2.5x to pre-pandemic levels. Its valuation has crossed $830 million, and with the next round of funding, the Swiggy-backed start-up will enter the unicorn club. It has over 25 million customers and over 1.5 million driver partners. Rapido aims to serve over 50 million customers by the end of this year. It does close to 20 million orders per month, and there are 5% women riders and nearly 20% women customers.
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