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• ​Rapido is an Indian bike taxi aggregator and logistics service provider that provides on-demand bike taxi services through its mobile application. The platform is intended to make intra-city travel and last-mile connectivity affordable. The company specializes in offering two-wheeler ride services with comfort and convenience which are smooth, and hygienic. It has transparent fares, enabling users to experience an affordable commute option in the city.
• Rapido operates in over 100 cities across India and has over 15 million registered users. It has a network of more than 1.5 lakh trained and verified riders who provide safe and affordable bike rides to customers.
• After the breakout of the COVID-19 pandemic, Rapido expanded its operations in logistics, providing hyperlocal delivery for local businesses and e-commerce companies. In October 2020, Rapido launched on-demand auto rickshaw hailing services in 14 cities.
• The company was incorporated on 5th January 2015. The company's registered office is 18/26, 2nd Floor, Noor Veerasamy Lane, Near Nungambakkam Police Station, Nungambakkam, Chennai – 600034.
• Ride-hailing businesses serve as intermediates, facilitating on-demand transportation services in which passengers request trips using their smartphones and drivers accept and deliver transportation services. The ride-hailing business model is based on the creation of a two-sided market that links end users with service providers via a technologically enabled platform. Ride-hailing, on the one hand, allows customers to book cabs at their leisure, while on the other hand, it provides a source of income for drivers of private vehicles.