When requested what recommendation he would give younger entrepreneurs in mobility, supply or fast commerce, Khosrowshahi joked, “Don’t construct something like Uber as a result of we’ll kickyour ass.” Kamath replied: “You should buy us later.”
In Could, ET reported that Rapido had captured about 40% of India’s overall ride-hailing market throughout automobile classes. In four-wheelers, it has been consuming into Ola’s share. As of April, Rapido held 20% of the market, in contrast with Ola’s 30% and Uber’s 50%. Since then, sources say Rapido has continued to realize floor in opposition to each rivals.
Rapido’s gross order worth (GOV) surged to $1.25 billion in FY25, up 2.5x from $500 million a 12 months earlier, pushed by service growth. However the progress has come at a value, with larger money burn pushing it farther from profitability.
The corporate not too long ago resumed bike-taxi operations in Bengaluru after the Karnataka Excessive Courtroom questioned the state authorities’s ban on the service. Earlier this month, it additionally forayed into food delivery with Ownly, now reside in choose Bengaluru postcodes, the place it hopes to problem Swiggy and Zomato by way of decrease charges and glued supply charges.
Additionally Learn: ETtech Explainer: Rapido’s bold challenge to Zomato, Swiggy amid sector slowdown