Rapido, an eight-year-old domestic bike taxi startup, is entering the taxi industry to compete with Uber and Ola, according to a Friday media report.
The startup has started offering its taxi service as a pilot project in Hyderabad and intends to take it to other cities, such as Bengaluru, Chandigarh, and Delhi-NCR.
As early as next week, the company intends to introduce Rapido taxis in Delhi-NCR, according to TechCrunch, which cited sources.
“At Rapido, we’re excited to report that our Rapido Cabs test run in Hyderabad is going really well. The dynamic market of the city has welcomed us with open arms, and the encouraging feedback is very encouraging. A Rapido representative was cited as saying, “As we move forward, we are dedicated to keeping you fully informed about our progress and eagerly anticipate bringing our innovative services to other cities.”
Customers could hail rides on motorcycles or three-wheeled auto rickshaws until recently.
Additionally, the report stated that Rapido wants to work with Zingbus, a company based in Gurugram, to integrate intercity bus ticketing into its app.
Founded in 2015, Rapido has over 25 million app downloads and operates in more than 100 cities. On its website, the company claims to have served over 10 million customers and completed over 100 million rides.
Based on information found on Tracxn, Rapido has raised $324 million in total funds. Swiggy, an online meal delivery service, spearheaded the company’s $180 million fundraising effort in April of last year.