Rapido

Executive Summary

Rapido is the top high-frequency transportation platform in India and focuses on providing cheap bike taxis and three-wheeled auto-rickshaws for more than 200 million users. The company has earned a leading spot in the two-wheeled vehicle market by beating existing big players like Uber and Ola with low prices and the ability to move through city traffic quickly. Looking at the finances, Rapido brings in about $300 million in total income but still loses $80 million every year because it chooses to spend money to win over more of the market. Its recent price tag of $5.4 billion shows that investors are very hopeful about the rising number of rides and plans to move into delivery services and standard car taxis. A future public stock offering will be the big test to see if regular investors want to own a piece of a transit system built for developing countries. This move shows the company is changing from a small specific startup into a broad and powerful logistics business.