Rapido, a Bengaluru-based ride-hailing platform, reported a 44% rise in FY25 revenue to 934 crore rupees (US$102.1 million), with its net loss narrowing 30% to 258 crore rupees (US$28.2 million), according to filings with the Registrar of Companies.

The company’s operating losses decreased to 104 crore rupees (US$11.3 million) from 409 crore rupees (US$44.7 million) in FY24, driven by improved operating leverage.

Revenue from subscription services, mainly for three- and four-wheeler rides, grew from 19 crore rupees (US$2 million) to 275 crore rupees (US$30 million), while platform-based commission revenue declined to 347 crore rupees (US$37.9 million) from 505 crore rupees (US$55.2 million).

Rapido has expanded its market share in urban mobility, surpassing Uber and Ola, and remains in discussions to raise a US$550 million funding round led by Prosus and WestBridge Capital.

🔗 Source: The Economic Times

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