Rapido is a bike taxi providing service currently functioning in Bangalore, Gurgram, and Delhi. The startup received an undisclosed amount of funding recently led by Pawan Munjal, the chairman and CEO of Hero MotoCorp Ltd.

Rapido is a startup which provides bike taxi service in Bangalore, Gurgram, and Delhi. This startup offers unique features where one can ride solo, book a quick bike with driver and rate the driver as well. Rapido is the cheapest, fastest and most convenient way to commute in these metro cities always packed with traffic.

Currently Rapido has completed more than 1, 25,000 rides with about 50,000 users. The bike taxi service has raised funds in pre-series round of funding led by Pawan Munjal, Chairman and CEO of Hero Motocorp Ltd. He envisions a significant growth in this transport based service, as it is a good source of hassle-free life for masses and increase in employment scale.Aravind Sanka, the founder of Rapido has stated that these funds will be used for the growth and expansion of the company and team in other leading cities.

This app has multiple modes of booking which includes missed call booking service. It has around 400 bikes in operation which soon is expected to touch 1000 in next 2 months. Its hiring process is also well monitored, wherein the rider has to go through a comprehensive test ride process, his vehicle is inspected, documents are verified and mandatory training is given before he is taken onboard.

According to the team, 85 % of its services are from repeated customers and 10% of them are women. Rapido has huge scope of growth in current market as on-demand two-wheeler taxi service seems to be an interesting model. The factor that the company follows stringent checks and strict penalties to ensure safe transportation also makes it more reliable. So do not get surprised if you see a rapid growth in Rapido!

Take away:

• Rapido, an app which provides bike taxi services in Bangalore, Gurgram, and Delhi.
• Huge scope of growth in current market as there is big demand of two-wheeler taxi service in congested cities.