KICKSTART

-ABDUL MANNAN
RAPIDO

Rapido is a mobile app where single commuters can book a bike as taxi to travel
short distance.
The availability of two wheeler available on every corner of the city and the terrible
traffic of the Bangalore city gave Aravind Sanka, Pavan Guntupalli and S.R. Rishikesh,
the founders of Rapido an opportunity to build a platform where one can commute
in the congested city smoothly with 50% to 60% cheaper rate than Uber or Ola
Started from the start-up city Bangalore rapido is now operating in more than 25
cities across India and also they are planning to double their presence to an
additional 25 cities in the coming 6 months shifting their focus from south India to
all over India

Rapido has received funding from AdvantEdge, Astarc

To ensure road
Ventures, Hong Kong-based Integrated Capital and global
safety and
investment manager Skywatcher Fund, among its list of
personal
institutional backers, along with a clutch of well-known
hygiene, Rapido
angel investors. Also according to the recent news
offers Helmets
WestBridge Capital is likely to invest $30 million and
and Shower
venture capital firm Nexus Venture Partners is also
Caps during
expected to add another $10 million. Summing up the
every ride.
total funds at 60 million.

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MARKSMAN AUGUST EDITION
KICKSTART

To create more awareness about the app Rapido has conducted many initiatives and
campaigns some of which are Helmet awareness campaign to bring necessary change
in approach of two wheeler riders. Also approximately around 100 visually
challenged people use rapido on daily basis to commute, keeping this in mind, Rapido
is all set to launch special and simplified features for the visually-challenged
commuters to make their travels safe and more comfortable

Rapido has already created a milestone by completing 6 million rides in India, making
daily commuting easier and affordable. To retain the existing customers Rapido is
going to launch subscription-based ‘power pass’ for regular commuters, which will
make rides even more affordable.

Acko and
Rapido tie-
up to
insure
customers
and
captains
against a
multitude
of risks

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MARKSMAN AUGUST EDITION