Rapido almost halves losses to Rs 370 crore in FY24
1 month, 1 week ago

Rapido almost halves losses to Rs 370 crore in FY24

New Indian Express  

NEW DELHI: Rapido, the ride-hailing platform based in Bengaluru, has reportedly halved its losses to Rs 370 crore for FY24, down from Rs 675 crore the previous year. Despite the losses, Rapido’s revenue grew significantly, reaching Rs 648 crore in FY24, a 46.3% increase compared to Rs 443 crore in FY23. The company also highlighted a substantial rise in its Gross Order Value, which nearly doubled to Rs 4,257 crore in FY24 from Rs 2,419 crore in FY23. In Q2 of FY25, Rapido improved its financial performance further, reducing losses to Rs 17 crore from Rs 74 crore in the same period the previous year.

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