Rapido is bigger than Uber; IPO likely in two years, says CFO

CHENNAI: Rapido will think of public listing when it has captured 70-75% of the ride-hailing market, says the company’s chief financial officer Vivek Krishna in an interaction with the New Indian Express. Krishna said eventually they will go for an IPO – may be in the next two years.

Rapido, which began with bike-taxis as an affordable mobility solution tailored to Indian market needs, has now surpassed Uber in overall ride numbers across categories with 50 percent market share, said Krishna.