Rapido to turn cash flow positive next quarter, says CEO Aravind Sanka

Quick Summary:

The newly turned unicorn added that it has overtaken Bhavish Aggarwal’s Ola in India in terms of number of daily rides.

He added that Rapido has doubled its gross merchandise value (GMV) annually by reducing over 50% in losses.

Rapido competes with US-based Uber and Bhavish Aggarwal-led Ola in the ride-hailing segment.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: IndiaTaiwan

Topics: Number Cash Sanka Privacy Quarter Rapido Terms Company Positive Policy Cities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 08:34:30 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 22456737

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Official Website: yourstory.com

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