Rapido plans 500-city expansion, sees strong mobility growth: Co-founder

Ride-hailing app Rapido is in the midst of a 500-city expansion this year in India, a market where “vastness and depth” of mobility opportunity offers a high-growth upside, according to co-founder Pavan Guntupalli.

On whether the company is eyeing an IPO in the near term, Guntupalli told PTI that Rapido is clocking healthy growth, is well capitalised and “will take a call depending on situation”. The focus, for now, is on growth, he asserts.