Rapido 2
Rapido 2
1. INTRODUCTION……………………………..………………………………………………………….…………….…..
3. Interpretation…………………………………………………………………………………………………………….
3.5. GROWTH………………………………………………………………………………………………………
3.7. FOR VISUALLY-CHALLENGED BIKE TAXI APP RAPIDO TO LAUNCH NEW FEATURES
3.9.1 DEFINITIONS…………………….………………………………….………………………………………..
3.9.9. SECURITY………………………………………………………………………
3.10 SUBMIT/FEEDBACK………………………………………………………………………………………………
3.10.2.FOR CAPTAINS
3.13. INSTAHYRE…………………………………………………………………………………………………………
3.14. CONNECT……………………………………………………………………………………………………………
4. CONCLUSION………………………………………………………………………………..……….………….………
5. SUGGESTION…….………………………………………………………………………………………….…….…….
6. REFERENCES……………………………………..……………………………………..……………………………..
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1. Introduction
Rapido is an online bike taxi aggregator based out of Bangalore, India. The
company was founded in 2015 in Bengaluru. It operates in more than 95
cities across the country.
Founded by Aravind Sanka, the company has sky rocketed into fame in the
few years of its launch and was appreciated by huge investors in the region.
They recently made headlines when they earmarked ₹200 Crore (~$28
Million) for marketing budgets.
The company was founded in 2015 as the Karrier by two IIT alumni and
a PESU alumni – Aravind Sanka, Pavan Guntupalli, and SR Rishikesh. In
September 2018, reports were that Rapido has over 15,000 registered
riders, with average rides of 30,000 per day. By July 2019, Rapido was
completing 3,00,000 orders every day. Among those who have stakes in
Rapido are HERO MOTOCORP chairman Pawan Mujal and
former Google India head Rajan Anandan.
In 2019, Rapido co-founder Aravind Sanka claimed that the company has
created more than 500,000 jobs in India. In November 2019, the company
claimed to have 1 crore registered users.
3. Interpretation
3.1 Business model
Rapido is focused on short distance commute in town, our
majority of customers are office goers. Our aim is to become
most affordable commute option for last mile connectivity.
We don’t have any full-time riders, we offer full-time
flexibility to our riders, means they can offer a ride when
they want, thus we are more of a bike ride sharing platform
as compared to other bike taxi's.
Things you have to know is, Rapido does not own any bikes
and does not hire drivers and call them their “Employee”.
They just provide a platform where demand meets supply. In
this case, passengers meet their drivers.
Speaking on the idea behind the unique tool, head of Rapido Power Pass,
Hiran Gunasekaran, said that every user is different and has a unique
preference and, understanding this, they were motivated to develop a one-
of-a-kind solution that will cater to everyone’s need.
“Our tool understands the user's behaviour and provides the best-suited
pass rather than showing multiple passes and confusing them,”
The subscription option has been rolled out to a limited set of customers
across a few cities in India but it is expected to be made available to all
Rapido customers in the coming months. Rapido claims that the pass users
are able to save up to 40% on their travel expenses. Also, the company
claims that pass users are riding 60% more frequently when compared to
other users. Rapido aims to have 1 million active pass users by June 2020.
Rapido started its operation in 2015 and in just four years they have
expanded the operations across the country. The organisation has around
5,00,000 ‘captains’, including women, across India.
It follows a dual helmet policy where helmets are provided to both the
captain and the passenger for their safety and security. Also, shower caps
are provided to passengers for their personal hygiene. The app has GPS,
live-tracking, SOS and live chat facilities too. It has an option for the users to
share …
This Bike Taxi Start-up Aims To Make Transportation Accessible to Next 200
million Users This Year Dealing with traffic congestion while commuting to
work is one common trouble faced by almost every daily commuter.
Increasing number of personal vehicles on the road is not only resulting in
daily congestion but also increasing pollution levels. Meanwhile, public
transport users are left with little choice between dealing with the huge
crowd in public transports or spend huge sums to afford comfortable cab
ride.
But what if rides could not only be comfortable but also pocket friendly?
Bengaluru-based bike taxi provider, Rapido is working towards making
commuting easier and affordable. Founded in 2015 by Pavan Guntupalli,
Aravind Sanka and Rishikesh SR, Rapido offers a platform where users can
book a two-wheeler ride through its mobile app.
3.5. Growth
According to the company, Rapido is now operational in nearly 100 cities in
India. It claimed that the Rapido app has already hit the 10 million-mark
and is adding new users every day.
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Currently, Rapido has over 15 million registered users and more than 15
lakh registered captains (ride providers).
Till date, Rapido has raised a total funding of INR 558 crore from various
investors. Some of its major backers include Westbridge AIF, Nexus
Ventures, Konark Trust, Sabre Investment, Skycatcher LLC, Bace Fund and
Integrated Growth Capital, among others. In August 2019, Rapido closed its
Series B funding round at INR 390.11 crore led by Westbridge Capital.
Talking about challenges, the concept of bike taxi is relatively new in India
with a certain perception attached to it. There are cultural and societal
challenges such as sitting behind a stranger, rider safety and so on. This
requires a certain amount of awareness which Rapido is trying to create.
Rapido has earmarked a marketing budget of INR 200 crore which will be
used to make transportation accessible to the next 200 million users. The
funds will be invested heavily in various, national and regional, marketing
campaigns across the country.
This Privacy Policy explains how we collect, process, use, share and protect
information about you. It also tells you how you can access and update your
information and make certain choices about how your information is used.
The Privacy Policy covers both “online” (e.g., web and mobile services,
including any websites operated by us such as RAPIDO WEBSITE or Mobile
Application, however accessed and/or used, whether via personal
computers, mobile devices or otherwise) and “ofline” (e.g., collection of
data through mailings, telephone, or in person) activities owned, operated,
provided, or made available by the Company. Our “online” and “ofline”
activities, in relation to facilitation of transportation services offered by
third party drivers or vehicle operators, are collectively referenced as the
“Services”. This Privacy Policy also applies to your use of interactive features
or downloads that: (i) we own or control; (ii) are available through the
Services; or (iii) interact with the Services and post or incorporate this
Privacy Policy.
Early Journey
for early jobbers that is easy on pocket and yet convenient. Keeping in mind
this problem statement, we wanted to make transportation convenient,
accessible and affordable to the masses,”
“Rapido saw the opportunity in using bikes to provide taxi-service and use
that free pillion seat to help earn some additional income for bikers, as and
when they liked,”
If you have questions about this Privacy Policy, please contact us through
email address provided on our website and/ or Mobile Application.
3.9.1. DEFINITIONS
Unless otherwise provided in this Privacy Policy, the terms capitalized in the
Privacy Policy shall have the meaning as provided hereunder:
a) “Device” shall mean computer, mobile or other device used to access the
Services.
a) “Mobile Device Information” shall have the meaning assigned to the term
in paragraph 2(d)(ii) hereto.
a) “Promotion” shall mean any contest and other promotions offered by us.
• a) Email
• b) Name
• c) Address
• d) Mobile Number
• e) Gender
• f) Date of birth
ii) When you use any of our Mobile Applications, the Mobile Application
may automatically collect and store some or all of the following information
from your mobile device (“Mobile Device Information”), in addition to the
Device Information, including without limitation:
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e) Your geolocation
iii) Information about how you interact with the Mobile Application and any
of our web sites to which the Mobile Application links, such as how many
times you use a specific part of the Mobile Application over a given time
period, the amount of time you spend using the Mobile Application, how
often you use the Mobile Application, actions you take in the Mobile
Application and how you engage with the Mobile Application
v) Data from SMS/ text messages upon receiving Device permissions for the
purposes of (i) issuing and receiving one-time passwords and other device
verification, and (ii) automatically filling verification details during financial
transactions, either through us or a third-party service provider, in
accordance with applicable law. We do not share or transfer SMS/ text
message data to any third party other than as provided under this Privacy
Policy.
Based upon the Protected Information you provide us when registering for
an account, we will send you a welcoming email to verify your username
and password.
Rapido use the information collected from our Mobile Application so that
we are able to serve you the correct app version depending on your device
type, for troubleshooting and in some cases, marketing purposes.
Rapido use your Internet Protocol (IP) address to help diagnose problems
with our computer server, and to administer our web site(s). Your IP address
is used to help identify you, but contains no personal information about
you.
We may use the information obtained from you to prevent, discover and
investigate violations of this Privacy Policy or any applicable terms of service
or terms of use for the Mobile Application, and to investigate fraud,
chargeback or other matters.
Rapido may use the information collected from you for targeted advertising.
This involves using information collected on an individual's web or mobile
browsing behavior such as the pages they have visited or the searches they
have made. This information is then used to select which advertisements
should be displayed to a particular individual on websites other than our
web site(s). The information collected is only linked to an anonymous
cookie ID (alphanumeric number);
it does not include any information that could be linked back to a particular
person, such as their name, address or credit card number.
Rapido use third party companies and individuals to facilitate our Services,
provide or perform certain aspects of the Services on our behalf – such as
host the Services, design and/or operate the Services’ features, track the
Services’ analytics, process payments, engage in anti-fraud and security
measures, provide customer support, provide geo-location information to
our drivers, enable us to send you special offers, host our job application
form, perform technical services (e.g., without limitation, maintenance
services, database management, web analytics and improvement of the
Services‘ features), or perform other administrative services. These third
parties will have access to user information, including Protected
Information to only carry out the services they are performing for you or for
us. Each of these third parties including are required to ensure the same
level of data protection as us and are obligated not to disclose or use
Protected Information for any other purpose. Analytics Third Party may set
and access their own cookies, web beacons and embedded scripts on your
Device and they may otherwise collect or have access to information about
you, including non-personally identifiable information. Rapido use a third-
party hosting provider who hosts our support section of our website.
Information collected within this section of our website by such third party
is governed by our Privacy Policy.
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c) CO-BRANDED SERVICES.
Rapido may offer Promotions through the Services that may require
registration. By participating in a Promotion, you are agreeing to official
rules that govern that Promotion, which may contain specific requirements
of you, including, allowing the sponsor of the Promotion to use your name,
voice and/or likeness in advertising or marketing associated with the
Promotion. If you choose to enter a Promotion, you agree that your
Protected Information may be disclosed to third parties or the public in
connection with the administration of such Promotion, including, in
connection with winner selection, prize fulfilment, and as required by law
or permitted by the Promotion’s official rules, such as on a winners list.
and mobile Services or other policies applicable to any online and mobile
Services, including investigation of potential violations thereof; (iii) to
protect the safety, rights, property or security of the Company, our Services
or any third party; (iv) to protect the safety of the public for any reason; (v)
to detect, prevent or otherwise address fraud, security or technical issues;
and /or (vi) to prevent or stop activity Rapido may consider to be, or to pose
a risk of being, an illegal, unethical, or legally actionable activity.
g) BUSINESS TRANSFER
The Services may contain content that is supplied by a third party, and
those third parties may collect website usage information and your Device
Identifier when web pages from any online or mobile Services are served to
your browser. In addition, when you are using the Services, you may be
directed to other sites or applications that are operated and controlled by
third parties that Rapido do not control. Rapido are not responsible for the
privacy practices employed by any of these third parties. For example, if you
click on a banner advertisement, the click may take you away from one of
our websites onto a different web site. These other web sites may send
their own cookies to you, independently collect data or solicit Protected
Information and may or may not have their own published privacy policies.
Rapido encourage you to note when you leave our Services and to read the
privacy statements of all thirdparty web sites or applications before
submitting any Protected Information to third parties.
(b) You may also cancel or modify your communications that you have
elected to receive from the Services by following the instructions contained
within an e-mail or by logging into your user account and changing your
communication preferences.
(d) If you wish to cancel your account or request that Rapido no longer use
your information to provide you services, contact us through email address
mentioned on the trip bill received. Rapido will retain your Protected
Information and Usage Information (including geo-location) for as long as
your account with the Services is active and as needed to provide you
services. Even after your account is terminated, Rapido will retain your
Protected Information and Usage Information (including geo-location, trip
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history, and transaction history) as needed to comply with our legal and
regulatory obligations, resolve disputes, conclude any activities related to
cancellation of an account, investigate or prevent fraud and other
inappropriate activity, to enforce our agreements, and for other business
reason. After a period of time, your data may be anonymized and
aggregated, and then may be held by us as long as necessary for us to
provide our Services effectively, but our use of the anonymized data will be
solely for analytic purposes.
3.9.9. SECURITY
The Protected Information and Usage Information Rapido collect is securely
stored within our databases, and Rapido use standard, industry-wide,
commercially reasonable security practices such as encryption, firewalls and
SSL (Secure Socket Layers) for protecting your information. However, as
effective as encryption technology is, no security system is impenetrable.
Rapido cannot guarantee the security of our databases, nor can Rapido
guarantee that information you supply won't be intercepted while being
transmitted to us over the Internet or wireless communication, and any
information you transmit to the Company you do at your own risk. Rapido
recommend that you not disclose your password to anyone.
changes, Rapido will notify you by email (sent to the e-mail address
specified in your account) or by means of a notice on the Services prior to
the change becoming effective. Rapido encourage you to periodically review
this page for the latest information on our privacy practices.
General
· What is Rapido?
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· Who is captain?
· Bookings/Trips
Payments
Referrals
General
· What is Rapido?
· Who is a Captain?
Becoming a Captain
Getting a ride
· I accepted the ride but I don’t know where the pickup location is. What
should I do?
Safety
Payments
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General
· What is Rapido?
· Who is Captain?
· Website
· Android App
· Mean
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· Redis
· Mariadb
· Java
· Python
· Android
· IOS
Job’s by Location
· Jobs in Bangalore
· Jobs in Delhi/NCR
· Jobs in Hyderabad
· Jobs in Mumbai
· Marketing Jobs
· Sales Jobs
· Success Stories
3.13. Instahyre
· About
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· Privacy
· Terms
3.14. Connect
· Blog
4. Conclusion
The study reveal the customer satisfaction about the call taxi services, the
factors they give importance in selection of the service provider, tariff,
comfort, convenience, service quality and customer care rendered. This will
help the service providers as an important input to understand about the
customer satisfaction about their service, and to what extent they are with
us by utilizing our services. The finding depicts the exact replica of the
customer’s mindset and level of satisfaction towards the service providers
operating the call taxi in the Chennai market. Appropriate suggestions were
provided considering the facts and feasibility, if the market players take
these outcomes into account and act, its sure to create fullest satisfaction
rather delight the customers and expand the market base. This will also help
the service providers full fill the customer expectation that fetches the
goodwill and develop their brand image in the market.
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5. Suggestion
The young crowd is the major source of market for the call taxi
International service provider. They are attracted towards the offers and cash
discounts. The drivers and the call center executives are to be trained in well
in communication and multi-linguistic proficiency to attract new markets.
The service providers shall provide more facilities and for their privileged
customers. They drivers are to be properly trained on various routes and
driving efficiency, so that they maintain promptness in reaching the place
and guiding the customers. The tariff rates are bit higher as felt by the
customers, especially during the peak hours, they can follow competitive
pricing strategy, and it should be made clear to the passengers. The
customers are also to be educated with advance booking facility and
privileges of booking in advance, instead of opting Ride now, as it leads to
dis-pleasure at times. The infrastructure facilities are to be increased to give
the passengers to pleasant travel. Some of the common suggestions
provided by the customers from the survey are like, to maintain cleanliness
of the vehicle, the vehicle has to be properly painted, proper grooming of the
drivers, vehicle sticker (Brand), Well versed in route, Card payments,
Discounts, etc.
Bibliography
6. Reference
Rapido.fastpad.com
Blog.appscrip.com9
Www.financialexpress.com
www.startupranking.com/rapido/competitors
www.owler.com/company/rapido