Industry Trends
Bengaluru-based ride-hailing major Rapido reported operating revenue of Rs 934 crore in FY25, a year-on-year increase of 44% from Rs 648 crore in the previous fiscal, according to its consolidated financial statements filed with the Registrar of Companies. Including interest income of Rs 69 crore from investments, the company’s total income stood at Rs 1,003 crore for the year. Rapido’s revenue model continues to pivot around subscriptions and diversified service lines. Subscription income from captains and users purchasing ride passes and platform benefits surged nearly 14-fold to Rs 275 crore in FY25, emerging as one of the fastest-growing components of its top line. The company follows a zero-commission, subscription-based model for three-wheeler and four-wheeler cabs, while continuing to charge commissions on bike taxis. Platform commissions from two-wheeler services generated Rs 277 crore during the year, but declined 23.5% year-on-year. The fall comes amid regulatory uncertain...