This is a fast-pace world and Indian startups are rapidly crowding the space. However, Rapido stands out and has become a good example of innovation that has a sound social impact. The bike-taxi platform has revolutionized the way people commute in nearly a decade and simultaneously created a 70 lakh jobs. Co-founder Pavan Guntupalli highlighted that the company is adding 1.5 lakh new jobs every month.
Rapido was initially launched as quick and affordable rides by bikes. It tried to focus on solving everyday transportation issues for the masses. Traffic congestion is a significant problem in major Indian cities like Bengaluru, Delhi, Kolkata and Mumbai. Hence, the startup offered a practical solution that was economical as well as efficient.
However, it has earned recognition for its significant contribution to job creation. Employment opportunities are limited in Indian urban areas and Rapido has emerged as a hope to many. It has provided a means for millions to earn a livelihood in the form of primary source of income or supplement to other jobs. It allows individuals to work on their terms.
Rapido has helped many to improve the quality of their lives. It has provided a steady income to them. Most of them are learned to be from lower-income backgrounds. The format has helped them to support their families, educate their children and save for the future.
The success of Rapido showcases the importance of adaptability as well as innovation in the Indian startup ecosystem. Moreover, its recent decision to add electric vehicles is a forward-thinking move towards sustainability.
