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Bike Taxi Startup Rapido Acquires Hyderabad-based GetBike

23May By Sheldan RungasamyNo Comments

ACQUISITION

Bike Taxi Startup Rapido Acquires Hyderabad-based GetBike

Rapido, the Bangalore-based bike taxi startup, is in the final phase of finalizing an A&M deal with Hyderabad-based Vave Infosolutions India Pvt. Ltd, owner of motorcycle-sharing startup Getbike, according to a report from VCCircle. The deal will allow the bike taxi company, which is run by Roppen Transportation Services Pvt. Ltd, to enter the Hyderabad market by making use of GetBike’s resources and market presence. Shravya Reddy, who was previously associated with Reliance Communications Ltd and Apalya Technologies, founded Getbike – formerly called Getmi -- in September 2017. Getbike raised $100,000 as angel funding 3 months later from a couple of investors, namely, Vamshi Reddy B and Venu Veeramaneni. The startup began operations as a bike taxi operator catering both general ...

21Nov By PriyankaNo Comments

FUNDING

Bike Taxi App Raises Fresh Funding From Skycatcher, Others

[dropcap]H[/dropcap]yderabad based Bike taxi operator Rapido, run by Roppen Transportation Services Pvt Ltd has received a funding of Rs 2.14 crore (around $329K) in a fresh round of funding from US Based Skycatcher Fund and UK-based Thompson Taraz Managers, Aravind Sanka, co-founder at Rapido told a financial daily. The bike taxi startup will be utilizing its funds to expand its geographical presence in the country, and strengthen its team. Rapido had earlier raised a funding of $422K in a round led by US based Battery Road Digital Holdings LLC. The round saw participation from its existing investor Astarc Ventures and an undisclosed Indian technology fund as per the reports by VCCircle. Also Recommended 100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun ...

20Apr By Press Trust of IndiaNo Comments

FUNDING

Rapido Raises Funding From Pawan Munjal, Rajan Anandan & Others

Bike taxi operator Rapido has received undisclosed amount of funding from a clutch of investors, including Hero MotoCorp Chairman Pawan Munjal, Google India head Rajan Anandan and early stage investment firms AdvantEdge Partners, Astarc Ventures and Tesellate Ventures among others. "Rapido is a commendable initiative and has the potential to generate significant employment, besides making convenient motorised transport accessible to the masses. With their strong background and passion, I believe that the founders of Rapido are well positioned to deliver on their promise," Munjal, who invested in his personal capacity, said Munjal, who invested in his personal capacity, said. Other investors include People group founder Anupam Mittal, Smile Group Partners; former Flipkart chief business o...

Odd-Even: These Startups Offering Free Rides

15Apr By AdityaNo Comments

News

Odd-Even: These Startups Offering Free Rides

With the second phase of odd-even scheme set to be rolled out from tomorrow, ride-sharing startups are lining up with free rides and scaling up operations to handle higher demand from consumers. The odd-even scheme was implemented on an experimental basis from January 1 to January 15 in view of high air pollution in the national capital. The second phase will commence on April 15. Bike taxi operator Rapido said, it will offer free rides to people travelling to and from some of the metro stations like HauzKhaz and Malviya Nagar during April 15-30. Bengaluru-based startup 360Ride, which offers a ride-sharing platform for personal vehicle owners, said it will incentivise people using its platform with commuters earning up to Rs 1,200 by sharing their ride on four-wheelers and Rs 600 on t...

Is Bike Taxi Services ‘Safe’ for Women in India?

10Apr By AdityaNo Comments

News

Is Bike Taxi Services ‘Safe’ for Women in India?

Operators of bike-taxis, which have over the past few months been emerging as viable, convenient and low-cost solutions for travel in the city, are now looking to attract more women riders to use the service. "We have around 400 mandatory steps that the driver needs to pass. We take a ride test and a third party does all the verification plus there are vehicle instructions and mandatory training," says Aarvind Sanka, co-founder of Rapido, an app based service . Sanka says 10 per cent of their daily customers are women and the organisation is working on bringing on board more women drivers. However for some people like Rahul Kumar, a resident of Gurgaon, are skeptical of the safety of bike-taxis. "It may be cheap but I still wouldn't prefer it for a long distance tra...