~After foraying into bike taxi and auto services, this strategic announcement is first ever transparent transport offering in 4W ‘Rapido Cabs’ which offer Zero Commission and Lowest Price Guaranteed~
Bengaluru, December 05, 2023: Rapido, India’s leading commute app, renowned for its innovative and affordable two-wheeler and auto-rickshaw services, has announced its strategic entry into the cab business.
The cab launch represents the latest step in Rapido’s mission to revolutionize urban mobility and ensure an affordable 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. Accessible to all cab captains operating across the country, these services are designed to promote entrepreneurship, fostering a sustainable livelihood for drivers. Beyond empowering drivers, the focus extends to customer affordability, offering cabs at the lowest price to make transportation more accessible for all.
With a commanding 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. This pioneering approach ensures that drivers incur only a minimal software usage fee, marking a significant shift in the industry.”
He added, “It also prioritizes customers by ensuring lowest price guarantee and making our services exceptionally affordable for all.”
Rapido Cabs distinguishes itself through an innovative SaaS-based platform featuring a cutting-edge, zero-commission model for cab captains—an outstanding hallmark of our service. 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 pioneering approach ensures that drivers receive the entirety of their service value, empowering them to maximize their earning potential. Simultaneously, passengers benefit from competitive fares in the Cab segment, as the all-encompassing SaaS-based platform consolidates various commuting solutions into a single, user-friendly app.
Rapido’s expansion into cab services is a strategic move to meet the diverse commuting needs of its ever-growing user base while driving business growth and expansion.