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Rapido targets 700 cities in 18 months, pushing bike-taxis into India's taluks and villages
Our read
Rapido's parcel + e-rickshaw expansion into taluks creates a hyperlocal logistics rail worth scoping for delivery, FMCG distribution, or rural fintech partnership tie-ups before competitors lock in exclusivity.
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The report,
Rapido plans to expand from 400 to 700 cities over next 18 months, targeting taluks and villages with bike-taxi services. Profitable with 100% annual growth, recently raised $240M for expansion and new categories like e-rickshaws and parcel delivery.
Reported figures
From the report. Source details below
- ₹5,000-6,000 monthly captain earnings
Other figures
- 300 cities in 18 months
- 300 more cities planned
- 30 lakh vehicles/month
- 50 lakh vehicles target
The source
Published
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