Rapido sees 2.5X growth in gross order value in Q2, revenue rises 46% in FY24

Quick Summary:

Ride-hailing platform Rapido reported its second quarter GOV of Rs 2,461 crore compared with Rs 977 crore in the year-ago period.

GOV represents the total value of all orders placed within a particular period and is measured before any deductions.

The platform transitioned from a commission-led model to provide its partners with a lifetime zero-commission structure, earlier this year in contrast to other models followed by aggregators.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Crore Year Reported Rapido Company Policy Value Base Helped Compared

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 08:47:28 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 317 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23582757

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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