How Rapido’s Super App Model Is Taking Shape

In April 2016, a bike taxi startup named Rapido secured funding from notable Indian businessmen including Hero MotoCorp’s Pawan Munjal, Google’s Rajan Anandan, and Anupam Mittal. The founders, Aravind Sanka, Pavan Guntupalli, and Rishikesh SR, aimed to bring motorcycle riders and passengers together through an app, handling bookings, fares, and tracking.

The company now facilitates over 5 million rides daily, operates in more than 400 cities, and supports 9 million livelihoods. Rapido has expanded beyond bike-taxi platforms to include autos, cabs, parcel delivery, food delivery via Ownly, travel bookings, and more, competing with giants such as Ola, Uber, and local players like Namma Yatri, Yatri Sathi, and Red Taxi.

The company aims to achieve an IPO within the next two to three years and has raised $240 million at a $3 billion valuation. Operating revenue grew 44.2% in FY25 to ₹934.4 crore, while net loss fell 30.3% to ₹258.4 crore. In H1 FY26, revenue grew by 111% year-on-year. Rapido’s revenue streams come from various businesses, including ride-hailing, parcel delivery, food delivery through Ownly, and travel bookings.

The company charges a commission on ride fares and has recently adopted a zero-commission model for drivers, where they pay a daily fee to use the platform. The company’s success hinges on attracting more drivers to pay the subscription fee and maintaining a consistent user base.