Rapido, known for its two-wheeler and auto-rickshaw services, has announced its entry into the cab business. The cab launch represents the latest step in Rapido’s mission to offer an intra-city solution for all commuting needs.
By diversifying its offerings, Rapido aims to become the go-to platform for a wide range of commuting needs, providing an affordable platform for commuters while benefiting captains.
With a 60% market share in bike taxis, Rapido expands its footprint with the pan-India launch of Rapido Cabs, introducing an initial fleet of 1 lakh vehicles.
Expressing his excitement about this latest milestone, Pavan Guntupalli, co-founder of Rapido, said, “We are incredibly excited to introduce Rapido Cabs pan India following the immense success of our bike taxi and auto services across the country. Our innovative SaaS-based platform revolutionizes the conventional commission system for drivers, tackling the persistent challenge of commission sharing with aggregators.
He added, “This pioneering approach ensures that drivers incur only a minimal software usage fee, marking a significant shift in the industry.” It also prioritizes customers by ensuring the lowest price guarantee and making our services exceptionally affordable for all.”
Rapido Cabs distinguishes itself through a SaaS-based platform featuring a zero-commission model for cab captains. The SaaS-based platform serves as a seamless mediator, exclusively connecting drivers and customers without exerting control over the marketplace.
Within the Rapido ecosystem, drivers enjoy direct payment from customers, free from any interference by Rapido. Nevertheless, to sustain this model and continue delivering exceptional service, drivers are required to pay a nominal subscription fee.
As an illustration, upon reaching earnings of Rs 10,000 from the Rapido app, drivers will be subject to a modest subscription fee of Rs 500. This approach ensures that drivers receive the entirety of their service value, empowering them to maximize their earning potential.
