By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Rapido Races to Unicorn Status in India’s Mobility Arena
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
MobilityStartups

Rapido Races to Unicorn Status in India’s Mobility Arena

Nicole Kristine Jovero
Last updated: August 5, 2024 1:24 am
Nicole Kristine Jovero
Share
1 Min Read
SHARE
  • Rapido reaches unicorn status through innovative bike-taxi model.
  • Swiggy partnership fuels growth.
  • Traditional ride-hailing faces competition.

Contents
Challenging the status quoSwiggy’s secret weapon

India’s bike-taxi startup Rapido has joined the unicorn club, securing a $120 million Series E funding round led by WestBridge Capital.

This investment propels the 8-year-old company’s valuation to $1 billion, marking a significant milestone in its journey.

Challenging the status quo

Rapido’s success stems from its focus on two-wheeler transportation, a strategy that has allowed it to navigate India’s congested urban centers more effectively than traditional cab services.

The approach has positioned Rapido as a formidable challenger to the Uber-Ola duopoly in India’s mobility sector.

Swiggy’s secret weapon

The startup’s partnership with food delivery giant Swiggy has been mutually beneficial.

Rapido provides Swiggy with additional delivery capacity, while Swiggy offers Rapido’s drivers more work opportunities.

Rapido wants to strengthenSwiggy’s position against rival Zomato in the competitive food-delivery market.

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article GoTo Rolls Out BNPL on TikTok’s ShopTokopedia, Boosting Financial Inclusion
Next Article Multi-Agent AI Systems – The Next Frontier in Automation

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

StartupsVC

Sri Lanka’s Startup Scene Ready to Bloom

June 17, 2024
StartupsStrategy

Crafting a Successful Exit Strategy: A Guide for Startups

February 12, 2024
Startups

Startup Success Secrets: Perplexity AI’s CEO Reveals Team-Building Strategies

December 17, 2024
SaaSStartups

Osome Customers Frustrated Over Missed Deadlines and Fines

February 12, 2024
e-Commerce

Lazada Hits Profit Milestone, Boosting Alibaba’s Global Ambitions

August 27, 2024
e-CommerceSocial Media

TikTok Experiments With Turning All Videos Shoppable

February 12, 2024
e-Commerce

JD.com’s $1.5 Billion Bond Bonanza: Convertible Senior Notes on the Menu

May 27, 2024
AI

Anthropic Unveils Claude 3 AI Chatbot, Claims Superiority Over OpenAI’s GPT-4

March 18, 2024
AIDeep Tech

Optimus Robot Folds Shirt On Script, True AI Still Years Away

February 12, 2024
SaaS

Superlist Emerges: Christian Reber’s Ambitious Return to To-Do Lists

February 26, 2024
Startups

Aquaculture Unicorn Balances Global Growth and Profitability

February 12, 2024
e-CommerceMobility

GoTo Narrows Losses, Revenue Soars in Q1

May 3, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?