Rapido takes on Ola, Uber with entry into the cab space

Rapido, a cab service company, is entering the market to compete with Uber and Ola. They have started with a fleet of 100,000 vehicles and aim to meet the various commuting needs of their customers. Rapido Cabs will operate through a SaaS-based platform and drivers will pay a subscription fee. The company ensures direct payment from customers for drivers and guarantees the lowest prices for customers. Rapido currently operates in over 100 cities in India and has a 60% market share in bike taxis.