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Oct  15, 2022

Economy Simplified

Basic of Economy 

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8 Reasons Why Rapido Is Beating Ola and Uber in India

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How Rapido managed work ?

-Rapido which is an Auto and bike taxi platform. -Raised 180 million dollar -200 million two wheelers on the road of India

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-Rapido Started in 2015  -4 lakh rides a day -60000 active rider -25 million customers.

 Story of Nation's Most Intelligent Startups.

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What was Rapido’s Strategy?   

-Lucrative incentives are offered to many drivers who sign up in rapdio. -Drivers incomes will continue to rise over time

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Why Rapido Sailed over the Pains like Pandemic?  

Rapido did not spend their money trying to persuade people to buy a bike and become full-time driver

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Why Risk in Comparison to Ola and Uber?

-Two wheelers have very low maintenance cost -very high mileage secondly

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Why like Ola, Uber Couldn't Crack  Market?

-Ola Uber and other companies initially chose to build new fleets of yellow plate number bike taxi -Rapido positioned itself as a bike pooling service

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What are the key takeaways efficient company?

- Whenever a new market emerges, grab the opportunity -Very important to not create unrealistic expectations 

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* Economy Simplified Articles are published for Educational purpose please be careful before Investing