Rapido: A bike sharing company that takes on Uber and Ola

BackgroundRapido is a Bengaluru based bike sharing startup and one of the early movers in this sector in India. It was established by three engineering grads in 2014 as TheKarrier, changing its name to Rapido later in 2015.AppApe data shows that Rapido’s android app in India is being used by more than 6 million monthly active users (MAU) and with estimated MoM growth of +500,000 in July.CompetitionRapido provided employment to thousands of Indians, even to those who don’t own a motor bike. The simplicity of this startup is that anyone who is eligible to ride a two-wheeler can apply and earn money. It is one of the strengths of Rapido […]