Short Bio
Rapido is an Indian logistics service provider and aggregator of bike taxis with headquarters in Bangalore. The 2015-founded company already operates in more than 100 cities across the nation, but it has encountered legal issues in several states where bike taxis are not permitted.
Overview
Company Name: | Rapido |
Also Know as: | N/A |
Type: | Private |
Industry: | Transportation |
Founded: | 2015 |
Founders: | Aravind Sanka, Pavan Guntupalli, SR Rishikesh |
Headquarters: | Bangalore, Karnataka, India |
Area Served: | India |
Revenue: | ₹144 crore |
Net Income: | Rs 87.9 crore in FY21 |
Number of Employees | N/A |
Website: | rapido.bike.com |
History
Rapido was founded in 2015 by his co-founders, Aravind Sanka, Pavan Guntupalli, and SR Rishikesh. The company started with just the idea, and the founders put in their best to grow it. At the primary stage of the company, only three people used to work, and they would help everyone reach their destination. The company only targeted his home location, Bangalore.
In 2016, Rapido saw a great raise as a group of investors helped the company expand its business by providing them with funding of around $1.5 million. As of 2021, the company operates in more than 100 cities in India.
Services
Rapido provides primarily transportation services. Mainly, Rapido provides service so that a person can book a motorcycle on their app and travel from one place to another.
- Rapido auto
The client has to book a ride to travel from one place to another. But here the ride is given by auto.
- Rapido Rentals
Here the company Rapido allows customers to rent a bike for some hours to return it later.
- Rapido Outstation
This is used to book a ride from one city to another.
- Rapido Corporate
Even for companies rapido has services. In Rapido Corporates the company provides transportation benefits to its employees.
- Rapido Parcel
To send packages across quickly. Rapido can be used to deliver the parcel.
So, not only helping to reach people quickly from one place to another Rapido also provides a lot of other services.
Founder
There is not one but there are 3 Founders of Rapido Aravind Sanka, Pavan Guntupalli, and SR Rishikesh.
- Aravind Sanka
Studied at IIT-Bhubaneswar and has worked at Flipkart’s Logistics Division in Ekart for 3.5 years. Aravind played an important role in the company; he accelerated the Flipkart growth strategy from 10 to 100 clients.
- Pavan Guntupalli
Pavan has previously worked as a software developer at Samsung Research India. Pavan Guntupalli holds a B.Tech. degree in Electronics and Electrical Communications, which he gained from the Indian Institute of Technology, Kharagpur.
- SR Rishikesh
Rishikesh is a PES alumnus. After his graduation, he did not want to work for a company, so he started his own. Rishikesh holds a degree or bachelor’s of engineering in the field of computer and information sciences from PES University, Bangalore.