“Rapido’s Rollercoaster: Surging Losses, Soaring Revenue, and the Cab Revolution Unveiled!”
Rapido, the bike-taxi startup, faced a substantial increase in losses during the fiscal year 2023, witnessing a surge of nearly 54%. The losses reached Rs 675 crore, a significant jump from Rs 439 crore in the preceding fiscal year. Several factors contributed to Rapido’s mounting losses, including an escalation in riders’ costs, increased IT expenses, … Read more