Rapido’s gross order value soars 2.5x in FY25 to $1.25 billion
Urban mobility startup Rapido more than doubled its gross order value to $1.25 billion in FY25, driven by new services. However, rising cash burn has pushed it further from profitability. Rapido is now preparing to enter food delivery, hiring from rivals and engaging with major QSR brands and cloud kitchens.
Urban mobility startup Rapido more than doubled its gross order value to $1.25 billion in FY25, driven by new services. However, rising cash burn has pushed it further from profitability. Rapido is now preparing to enter food delivery, hiring from rivals and engaging with major QSR brands and cloud kitchens.
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