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Rapido, a ride-sharing bike-taxi platform, hosted its grandest ‘Cab Mahotsav’ in Delhi, a vibrant celebration to honor the dedication and onerous work of its captains. Rapido simply started cab providers in Delhi NCR, with a fleet of over 60,000 captains. With additional enlargement Rapido will create 40000 extra jobs in Delhi within the coming two months.
This festive occasion comes as Rapido has been increasing its transportation providers regardless of dealing with regulatory challenges within the capital. Over 600 captains attended the occasion, with assured prizes together with fridges, washing machines, and televisions.
The ‘Cab Mahotsav’ in Delhi served as a platform for the corporate to showcase its achievements, together with reaching over 25 million app downloads, serving greater than 10 million prospects, and finishing over 100 million rides.
The occasion additionally highlighted Rapido’s intensive community of over 1,000,000 bike drivers, emphasizing the corporate’s function in offering inexpensive intra-city journey and last-mile connectivity.
Final yr, the Delhi authorities had imposed a ban on bike taxi providers, together with Rapido, below the Motor Automobiles Act, 1988, citing the operation of such providers with out correct industrial licenses as a violation. This ban, introduced in February, got here with stringent penalties for non-compliance, together with hefty fines and potential license suspensions.
Regardless of these hurdles, Rapido has ventured into the cab market, a strategic transfer that diversifies its choices and broadens its buyer base. The corporate initiated a pilot cab service in Hyderabad and expressed plans to launch in different cities, together with Delhi-NCR, Bengaluru, and Chandigarh.
With this enlargement, Rapido goals to create a extra complete transportation ecosystem that caters to varied buyer wants, from bike taxis and auto rickshaws to cabs and doubtlessly intercity bus ticket bookings via a partnership with Zingbus.
Rapido’s journey since its inception in 2015 has been marked by vital milestones, together with elevating $324 million in funding and gaining help from distinguished buyers like WestBridge, Shell Ventures, Nexus Enterprise Companions, and AdvantEdge.
Additionally Learn: How Rapido has disrupted the ride-hailing enterprise with its distinctive enterprise mannequin and choices
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