Rapido

Increasing competition in the ride-hailing space has resulted in better incentive structures for gig workers in the sector as platforms experiment with their business models or tweak the way they charge commissions from drivers.Swiggy-backed bike-taxi platform Rapido has introduced a subscription fee model for its driver partners on cabs and autos, doing away with the old structure of commissions on rides, while California-headquartered inDrive is offering commission rates of 10-12% to its drivers in India, less than half…

India is evolving at a very rapid speed, but every now and then, a video on the internet makes us believe that some people are getting dumber every day. Recently, a video has been shared online in which a poor Rapido two-wheeler taxi rider was seen pushing his scooter on the road with the customer still sitting on it. It has been reported that the scooter was out of fuel and when the Rapido driver asked the customer to get off, he refused and sat on it. The video shows the stupidly adamant customer sitting on the scooter…

Happy Monday! Ronnie Screwvala-led Upgrad is closing in on US edtech firm Udacity, with a fresh fundraise likely to seal the deal. Details of this and more in today’s ETtech Morning Dispatch.Also in this letter:■ Experts on IT sector’s rebound■ India and its AI startups: a prognosis■ Rapido’s FY23 numbersUpgrad in talks for $100 million to close US edtech Udacity buy Upgrad founder Ronnie ScrewvalaEdtech undoubtedly had its worst year in 2023. The sector is nowhere close to getting out of the woods yet, but Ronnie…

Ride-hailing firm Rapido posted a 54% wider loss of Rs 675 crore in the financial year ended March 31, 2023, even as operating revenue tripled to Rs 443 crore.In FY22, the firm had incurred a loss of Rs 439 crore on operating revenue of Rs 145 crore, according to regulatory filings made by the company. Expenses almost doubled to Rs 1,172 crore in FY23, compared with the Rs 597 crore the previous year.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in…

When solo people have to travel small distances in city traffic, a lot of them prefer to book a bike taxi from popular aggregators like Rapido. Now, imagine if you were one of those people who booked a ride from Rapido, thinking that a Honda Activa would come to pick you up. However, instead, a Rs 17 lakh Suzuki Hayabusa superbike comes in front. You’ll be shocked, right? Well, at least this is what happened with these few female customers in a recently shared video on YouTube. These girls were pranked by a popular…

Curated By: Shahrukh ShahLast Updated: December 06, 2023, 10:38 ISTRapido Cabs. (File photo) Rapido says the step has been taken to revolutionize the urban mobility sector, ensuring a seamless and affordable intra-city cab service for all.  The leading two-wheeler and auto-rickshaw commuting service provider, Rapido, which has revolutionized the commuting game in the country, is finally entered the cab business.From now onwards, the platform will provide a seamless yet affordable cab service in multiple cities including…

Image Source : RAPIDO Rapido Rapido, a Bike-taxi company have announced its entry into the cab business, with the launch of Rapido Cabs- an intra-city, SaaS-based mobility solution. With almost 60 per cent market share in bike taxis, the company has expanded its footprint with cab services in the country and has introduced an initial fleet of 1 lakh vehicles in…

Ride-hailing platform Uber is rolling out a tiered rewards programme for drivers in 12 cities.The programme, Uber Pro, will give drivers benefits such as area preference, discounted vehicle maintenance and motor insurance, as well as enhanced micro-credit offerings. Drivers will be eligible for these benefits upon reaching certain milestones.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitMITMIT Technology Leadership and…

Curated By: Shahrukh ShahLast Updated: October 28, 2023, 17:59 ISTThe fastest-growing two and three-wheeler ride-hailing platform Rapido is gearing up to launch the cab service on a large network soon. It has been reported that the upcoming facility by Rapido will provide a similar service to Ola and Uber.The report suggested that the decision will be taken to offer a seamless travel experience to passengers on a daily basis. However, the brand has yet to share the exact launching details.Rapido Cab Service…

In a recent ruling, the Supreme Court of India overturned the Delhi High Court’s decision that had allowed bike taxi aggregators like Uber and Rapido to operate in the national capital. The court’s decision imposes a ban on these services until the final policy on plying non-transport vehicles is notified. For those unaware of the situation the transport department of Delhi banned the usage of bikes with private registrations to carry passengers back in February of this year. The Supreme Court’s decision comes after…