Rapido Crosses $1 Billion GMV, Marking a Milestone in Ride-Hailing
A Bold Expansion Drive Fuels Growth
Rapido, the popular ride-hailing platform, has surpassed a significant milestone, crossing a gross merchandise value (GMV) of $1 billion. This impressive growth trajectory has been fueled by a strategic expansion bid, propelling the company to the forefront of the ride-sharing industry.
Expansion and Diversification
Rapido initially launched as a bike-taxi platform, providing convenient and affordable transportation options. However, through a series of strategic moves, the company has expanded its services to include auto-rickshaws, taxis, and even bus rentals. This diversification has opened up new markets and attracted a broader customer base.
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