Ride-hailing battle: Rapido gains users and market share; surpasses Uber and Ola
Ride-hailing battle: Rapido gains users and market share; surpasses Uber and Ola
Rapido, initially known for bike taxis, has overtaken Uber and Ola in India's ride-hailing market, driven by its two-wheeler dominance. Uber CEO acknowledges Rapido as tougher competition, prompting fare cuts and a driver subscription model. While Uber leverages its financial strength to compete, Rapido focuses on sustainable growth despite cash burn.
Rapido, initially known for bike taxis, has overtaken Uber and Ola in India's ride-hailing market, driven by its two-wheeler dominance. Uber CEO acknowledges Rapido as tougher competition, prompting fare cuts and a driver subscription model. While Uber leverages its financial strength to compete, Rapido focuses on sustainable growth despite cash burn.
Rapido, initially known for bike taxis, has overtaken Uber and Ola in India's ride-hailing market, driven by its two-wheeler dominance. Uber CEO acknowledges Rapido as tougher competition, prompting fare cuts and a driver subscription model. While Uber leverages its financial strength to compete, Rapido focuses on sustainable growth despite cash burn. 
