Rapido - one of the largest players in the bike taxi commute business - says the new guidelines released by the central government on July 1, permitting "non-transport motorcycles" for aggregators, no longer give states the option of rejecting the revised policy.
'We handle close to 3 million rides daily, making us one of the largest players in this segment'
'Today, we have 2 million active drivers earning through our platform every month.'
There's a hint of new competition riding into a sector that has attracted attention for being in a duopoly-like situation. Rapido, a commute app known for its budget-friendly bike-taxi services, on Tuesday announced its entry into the cab market, which is currently dominated by marquee brands Uber and Ola. Rapido's cab foray will be enabled by a software as a service (SaaS)-based platform.
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