Rapido Crosses $1 Billion GMV Mark
Ride-Hailing Platform Marks Milestone Driven by Expansion
Rapido, the popular ride-hailing platform, has crossed a gross merchandise value (GMV) of $1 billion, driven by a bold expansion bid. The company, which originally started as a bike-taxi service, has grown to include cabs and auto-rickshaws, and has expanded into over 100 cities across India.
Rapido's success is a testament to the growing popularity of ride-hailing services in India. The market is expected to grow to $14 billion by 2023, as more and more people opt for the convenience and affordability of ride-hailing over traditional taxis or public transportation.
Rapido has been able to capitalize on this growth by offering a range of services at competitive prices. The company also offers a number of loyalty programs and discounts to encourage repeat customers.
As Rapido continues to expand, it is well-positioned to become one of the leading ride-hailing companies in India. The company's focus on innovation and customer service is likely to fuel its continued growth in the years to come.
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